Deloitte: Chinese trade war fixes budget

Monday, 14 December 2020

Via Deloitte:

Deloitte Access Economics: Budget outlook brightens

14 December 2020: On budget night just over two months ago there was a risk that the government hadn’t done enough. Treasury was forecasting an Australian economy that would permanently be around 5% smaller than its pre-COVID forecasts, and yet policy was shifting away from income supports such as JobKeeper towards tax-driven incentives for families and businesses.

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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.