Just 10 weeks after he handed down the 2020-21 federal budget, Treasurer Josh Frydenberg has unveiled the mid-year economic and fiscal outlook.
The government will not attempt to repair the budget bottom line until 2024, revealing it is concerned about high unemployment despite a $15.9 billion improvement in the nation’s finances due to higher iron ore prices and a slightly stronger economy.
And, ABS data released on Thursday shows Australia’s population growth has slumped to its slowest rate in almost 15 years. The nation suffered a net flow of people out of the country as the international border remained closed due to the coronavirus pandemic.
For the last episode of Please Explain Daily this year, I’m now joined by senior economics correspondent Shane Wright to take us through the state of the economy as we see out 2020.
In this episode, national editor Tory Maguire and senior economics correspondent Shane Wright discuss the state of the economy as we see out 2020.
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