So the International Monetary Fund thinks the Australian economy will shrink 6.7% this year, in its latest update to its global economic forecasts.

Not 6%, or 7%, but 6.7%. And a 6.1% rebound next year. Just to give the impression that they're not licking their finger and sticking it up in the wind.

It's only the latest in the plethora of forecasts of what is happening in the Australian economy and economies around the world, with dire numbers being uttered, mostly double digit and negative, about unemployment and growth.