THE economy has been given a triple shot of good news — global growth is tipped to rise, Australian rates remain on hold, and the national economy is on the move.
The news helped propel the sharemarket to yet another record, and augurs well for further rises. Leaked predictions by the International Monetary Fund have revealed growing optimism about the global outlook.
Finance ministers at a conference in Cambodia have reportedly been told the fund now believes the world economy will grow by 4.9 per cent this year, up from its September forecast of 4.3 per cent.
