Some real blah today from our Chris:
This budget offers substantial support for an economy navigating its way through conflicting cross-currents created by a $100 billion infrastructure building boom, improving business investment and record trade surpluses that are juxtaposed against the largest housing correction in over 40 years, which many fear will sap consumption.
According to Michael Blythe, CBA’s chief economist, the Coalition’s “$7.2 billion of tax cuts slated for 2019-20 and 2020-21 [will] have nearly the same impact on disposable income as two 25-basis-point rate cuts”.
