Five things Myefo tells us about the state of the Australian economy

From theguardian.com

Among those poring over today’s release of the Albanese government’s midyear budget scorecard will be Reserve Bank economists and those millions of borrowers holding out for early interest rate relief. Here are some of the key economic takeaways from the midyear economic and fiscal outlook: 1. Lower growth forecasts will trigger cascading revisions: The weaker-than-predicted third-quarter gross domestic product (GDP) growth result was probably the nadir in this part of the budget cycle, with annual expansion running at a 0.8% pace. That meagre pace sapped some of the expected rebound momentum, with Myefo now ... (full story)