Economists trash Budget’s wage growth unicorn

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By Leith van Onselen

A conga-line of economists have queued up to ridicule the Federal Budget’s heroic wage growth forecasts. Fairfax captures the mood:

ANZ economists said the forecasts around wages were “overly optimistic”, adding that wage growth at that level “seems unlikely given the underlying assumption of stable employment at 5 per cent…

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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.