More on the ‘no surplus for you Australia!’ Fitch story

In a nutshell Fitch says slowing global economy will result in the ozznAustralian government shelling out more spending to support the local economy while tax revenue declines at the same time.

hence delaying the long-awaited surplus

But, if you’d like more, the local press (Australian Financial Review) have kindly popped up this:

  • Fitch said Australia would struggle to meet its budget surplus goal next year because economic growth would slow to 2.5 per cent, from 3 per cent, due to slowing private investment and export growth.

Earlier today also we got a rather awful data point:

And be sure to tune in on February 5 for the first RBA meeting of the year after the janu January holiday (no meeting this month)



Articles You May Like

S&P 500 closes above the key 2600 level
Leverage in Forex Trading: How Much Leverage Should I Use? 🤔
It’s 2019, And Risk Rallies As Powell Put Is In Play | DailyFX Podcast
(LIVE Trading) $170,000 In Over A Month (Peso) – So Darn Easy Forex™
US Dollar Index Technical Analysis: DXY bulls counter-attack – 96.00 target

Leave a Reply

Your email address will not be published. Required fields are marked *