Australia: Fiscal outlook downgraded – Westpac
16.12.2019, 06:59

Australia: Fiscal outlook downgraded – Westpac

Westpac analysts point out that Australia’s budget surplus was cut by $21.5bn over four years as softer economic outlook hits revenues.

“The Federal government has sharply downgraded the fiscal outlook in its Mid-Year Economic and Fiscal Outlook (MYEFO), released today. In particular the forecast budget surpluses for 2020/21 and 2021/22 have been reduced from $11.0bn and $17.8bn to $6.1bn and $8.4bn respectively. The government has gone further and cut the wages forecast to 2.5% - no lift in wages growth from the 2019/20 forecast of 2.5% and in line with the Reserve Bank’s thinking. We estimate that the difference between our own forecast that nominal GDP growth in 2020/21 would be lowered to 3.0% in this document and the government’s forecast of 2.25% is explained about 50/50 between a weaker wages/ prices forecast and a lower profile for commodity prices – largely centred around coal. There are upside risks to the commodity price forecasts but we can understand why the government would be cautious around these forecasts in MYEFO - wanting to avoid a further fiscal downgrade when the 2020 Budget is announced on May 12.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik