From the AFR:
Treasurer Scott Morrison is downplaying negative fallout on the mid-year budget update from this week’s national accounts, which showed the economy shrank for the first time in five years, saying there are healthier signs on wages and profits than he’d imagined.
Mr Morrison said if he had wanted to do a mini-budget – which would have implied a major corrective policy overhaul in the mid-year economic and fiscal outlook on December 19 – he would have done it in early November.
