World Economy

Better Job Prospects in Australia

Better Job Prospects in AustraliaBetter Job Prospects in Australia

A leap in economic growth will send Australia’s jobless rate plunging over the next two years, according to the International Monetary Fund’s latest projections, which herald a recovery of the world’s economy almost a decade after the global financial crisis, AAP reported. The IMF predicts that Australia’s unemployment will drop from its current rate of 5.9% to 5.2% this year as economic growth rockets from 2.5% to 3.1%. Growth will be almost as good in 2018, with a rise of 3% bringing a further fall in the jobless rate to 5.1%.


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