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Yesterday afternoon, the Morrison Government released its pre-election Mid-Year Economic and Fiscal Outlook (MYEFO), which tipped a strong rebound for the Australian economy.
The below chart provides the key forecasts for the Australian economy over the forward estimates:
The next table shows the detailed forecasts compared with the federal budget to 2022-23:
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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.
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