Budget embraces the Bloxo boom

Wednesday 24 January 2018

Lordy, we’re moving from fiction to fantasy in Canberra, via the AFR:

Treasury is set to ramp up its global forecasts in the May budget as the Trump tax revolution helps fan a growing tailwind for the Turnbull government that will temporarily offset Australia’s declining attractiveness as a place for companies to invest and hire.

A surge in confidence across advanced and emerging economies is spreading to Australia, raising speculation employment growth and export earnings will continue to build in 2018.

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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.