S&P backs Recessionberg into corner with AAA threat

Wednesday, 27 November 2019

Oh dear, via S&P:

The Australian government is on target to return its budget to surplus after a decade in deficit.

This is one reason why S&P Global Ratings revised its outlook on the sovereign’s ‘AAA’ rating to stable from negative on Sept. 21, 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.