S&P warns ‘Downgrade Morrison’ that dirt won’t save him

Thursday, 1 December 2016

From the AFR:

…Kim Eng Tan, senior director for sovereign and international public finance ratings, said on Wednesday that S&P forecasts China’s investment growth slowing.

“In terms of the government’s medium term fiscal outlook we are not quite sure that the recent rebound in prices are likely to be of a very big help in helping the government to reach a balanced budget that it promises by 2021.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.