While the global economy is set to avoid a recession, the fallout from China’s toxic property sector and persistently high interest rates point to an increasingly grim outlook for the Australian economy, the International Monetary Fund (IMF) has warned. Source

Has Beijing snared itself in its own debt trap? The lure of cheap cash has bought it diplomatic support and access to ports across Africa, Asia and the Pacific. But now those nations are struggling to meet repayments. And someone still has to pay. Source