The 2020 Budget is over and, as expected, is full of spending measures. We’re only a few years away from a trillion-dollar debt but the interest payments on that debt are about the same as they were back in 2018/19, so no problem, right? Well, not quite, but good for now given that we have… Read more »
The Australian economy was in pretty good shape going into this pandemic. It’s fair to say, if you had to be in any country in the world to get through this recession it would be Australia. ECONOMY Real GDP is forecast to fall by 3. per cent in 2020 before recovering in 2021 to grow… Read more »
The budget was announced last night and as always there were winners and losers, with the budget deficit projected to hit $213.6 billion, a record 11 per cent of GDP, before winding back. Here’s what you need to know Instead of falling, as predicted in the last budget, debt will climb: There’s spending and tax… Read more »
Josh Frydenberg has painted a sombre picture of the outlook for the Australian economy, saying that by mid next year it is set to be 6 per cent smaller than forecast at the end of last year. The treasurer also warned wages growth will be subdued for years, in a Thursday speech setting the scene… Read more »
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