Original article by Adam Creighton, David Uren
The Australian – Page: 4 : 13-Mar-19
The Commonwealth Bank’s chief economist Michael Blythe says the federal government should use its April 2019 Budget to announce more aggressive tax cuts than previously flagged. His view is backed by AMP’s Shane Oliver, who has called for tax cuts worth $6bn for people on low and middle incomes. Blythe has also disputed claims of a ‘per capita’ recession, arguing that key economic indicators suggest otherwise. He adds that despite lower GDP growth in 2018, real net national disposable income per capita increased by 2.1 per cent.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AMP CAPITAL INVESTORS LIMITED, UBS HOLDINGS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA