The International Monetary Fund has issued a stern warning that the global economy is slowing faster than expected, amid trade tensions and rising debt.
The I-M-F is forecasting global growth of 3.5 per cent this year, down from 3.7 per cent in 2018.
Treasurer Josh Frydenberg has warned of "storm clouds" hanging over the world economy.
Mr Frydenberg says the forecast is proof Australia must "stay the course" and stick with the government's economic plan.
Meanwhile…
Opposition leader Bill Shorten has announced a $1 billion plan to boost Australia's renewable energy industry.
The funding would go to the Clean Energy Finance Corporation to support clean hydrogen development.
Hydrogen produces water vapour and heat when burned, and is close to a zero-emissions fuel when produced from water using renewable electricity.
Mr Shorten says the plan will create thousands of new jobs.
