A looming “fiscal fiasco”

Sunday 26 October 2014

Deloitte Access Economics has warned of the massive likely hit to the Federal Budget if China’s growth slows more quickly than expected, noting that such an event could turn the Budget into a “fiscal fiasco”. From The Australian:

…forecasts assume that China manages a very gradual slowing in its growth, but much worse outcomes are possible, with any slowing in its growth to below 4 per cent likely to pitch Australia into recession…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.