Mumbai, Feb. 16 -- The International Monetary Fund (IMF) has stated in a latest update that the Australian economy is managing a soft landing. Growth picked up to 2.1 percent year on year in 2025Q3 after a weak 2024, as private demand gradually recovered. With the output gap narrowing, inflation declined steadily through 2025Q2, allowing monetary policy to be eased over the course of the year. However, inflationary pressures have re-emerged in recent months, bringing underlying inflation above 3 percent in 2025Q3. Labor market conditions are easing gradually after a period of tightness, although the unemployment rate, at 4.3 percent, remains low by historical standards. House prices have rebounded as financial conditions eased, and new dwel...