US China trade tensions and other geopolitical flashpoints have forced the International Monetary Fund to dramatically downgrade its global economic growth forecasts.
Read the story here
Australia's 2019 growth has been slashed to 1.7 percent as the IMF sees global output falling from 3.8 percent to 3 percent.
Read the IMF report here
The IMF has also warned central banks to go beyond cutting interest rates and that monetary policy is "not the only game in town".
ABC's Peter Ryan says despite the warning, Treasurer Josh Frydenberg is sticking with his commitment to delivering a budget surplus.
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