‘Mixed bag’: Westpac on election's market impact

The bank's chief economist says a change in government rarely leads to a major change in an economy’s short-term outlook. (Image: Depositphotos)

Staff reporters

Wed, 04 Oct 2023

Westpac says the fast-approaching election probably won’t change the big-picture outlook when it comes to the election’s impact on the market, but the macroeconomic and fiscal baseline did have “significant” downside risks.In a pre-election primer by the bank, chief economist Kelly Eckhold said additional fiscal policy measures might be necessary for the upcoming electoral to meet the pre-election economic and fiscal update (Prefu), which had shown fiscal pressures were “coming to bear”.“We see downside...

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