We’re on the brink of recession but the government has its head buried in the sand

Original article by John Hewson
The Sydney Morning Herald – Page: 18 : 23-Dec-16

The Australian Government’s Mid-Year Economic and Fiscal Outlook, issued on 20 December 2016, is based on assumptions of dubious validity. Australia’s GDP declined 0.5 per cent in the September 2016 quarter and yet the Government forecasts consistent economic growth over the next five years. Contrary to optimistic forecasts of the Government, Australia may soon experience a recession.


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