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Original headline: Pakistan , IMF discuss economic growth and reform measures
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- IMF Expects Kazakhstan Inflation to Ease and Economic Growth to Accelerate in 2027
The IMF’s latest World Economic Outlook, released on October 13 at the IMF and World Bank annual meetings in Bangkok, projects Kazakhstan’s inflation to fall from 11.4% in 2025 to 10.3% in 2026 and 8.2% in 2027. Economic growth is forecast at 4.4% in 2026, accelerating to 4.9% in 2027. Unemployment is expected to hold at 4.6% in 2026 before easing to 4.5% in 2027, and the current account balance is projected to stay positive at 0.5% of GDP in 2026. The report notes that Kazakhstan, outside the Persian Gulf, boosted oil output to help offset supply disruptions through the Strait of Hormuz. It is also cited as a commodity exporter benefiting from rising exports of technology goods from major Asian manufacturers.
- How the IMF Forecasts a Country Economic Growth
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- Australia has delayed economic reform and now a crisis is looming
A Grattan Institute report says state government debt has more than doubled since 2019, with the interest bill now at 0.6% of annual economic output, and warns that future Australians will pay for today's deficits through higher taxes or worse public services. An AMP survey finds more than half of adults under 30 have changed their plans to have children due to cost-of-living pressures, and saving a 20% deposit takes most more than a decade. To repair the budget, Grattan proposes raising the GST from 10% to 15% and taxing fresh food, which it estimates would raise an extra $76 billion a year, with $33 billion going to income tax cuts, $25 billion to welfare and rent assistance, and $18 billion to the states. It also recommends scrapping the 2018 GST deal with Western Australia to save $6 billion. The report notes Australia's tax take of 29.4% of GDP is below the OECD average of about 34%, arguing for modest revenue increases alongside spending discipline.
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- World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI 'tsunami'
Policymakers are moving from debating whether AI will disrupt jobs to deciding how to cushion the impact. IMF Managing Director Kristalina Georgieva warned that AI is hitting the labor market like a 'slow-moving tsunami', with young graduates first in line to be hit, and estimated that about 40% of jobs worldwide will be augmented, downgraded or eliminated, with exposure around 60% in advanced economies and 23% in low-income countries. Singapore President Tharman Shanmugaratnam, co-chair of the World Bank's Jobs Council, urged governments to make crisis-era support measures a permanent tool to help young people find work, noting that U.S. demand for graduates has gone down 'for the first time in a century'. World Bank President Ajay Banga said 1.2 billion young people will turn 18 over the next 15 years, and the private sector, which generates 75% to 85% of jobs, will need to absorb most of them. Georgieva said AI adoption could lift growth by 0.5 to 1 percentage point in advanced Asia and 0.2 to 0.8 percentage point in emerging Asia.
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