No sign of a return to austerity, as team Frydenberg prevails over the budget hawks
- Written by Richard Holden, Professor of Economics, UNSW
Lukas Coch/AAPThursday’s Mid-Year Economic and Fiscal Outlook reminds us of some uncomfortable truths.
In the short term, MYEFO forecasts the economy bouncing back, with deficits shrinking, unemployment falling, and growth rebounding.
But that will largely play out in the next financial year, 2022-23.
Beyond that, the forecasts have us...
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