Govt books still in check as growth seen slowing

Wed, 11 Dec 2019

Slightly slower economic growth and increased capital spending barely shifted the dial in the half-year outlook for the government’s accounts. Treasury officials trimmed their forecast for annual economic growth to 2.2 percent for the year ending June 30, down from the 2.4 percent forecast at the Budget in May. Growth is then seen rising to 2.8 percent in the 2021 year, before slowing to a pace of 2.4 percent in 2024, a slightly smaller peak than expected in May. That slowing pace of growth...

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