The International Monetary Fund has forecasted a sharp decrease in Australia’s economic growth over the next year. The estimate predicts Australia will have an even weaker economy than Greece. Experts have shown the Morrison government’s low-income tax rebates have been ineffective due to misaligned incentives. Australia needs to fast-track tax cuts and rollback regulation to stimulate the flagging economy rather than spending taxpayer dollars to create a short-lived impression of growth.
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