Australian budget

Morrison’s psychedelic futureboom

David Llewellyn-Smith
Wednesday 10 May 2017
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Blunder, lie or psychedelic vision, I don’t know which, but the Budget has little chance of hitting its forecasts on the growth assumptions presented.

Apparently, the surplus will arrive on cue in 2020/21:

Driven by the futureboom that begins in 2019:

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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.