Treasury expects to downgrade forecasts

Dominick Stephens is Treasury's chief economic adviser. (Image: Supplied)

Thu, 21 Nov 2024

The latest evidence points to a likely further downgrade to the Treasury’s economic and fiscal forecasts, its chief economic adviser said on Thursday."The Treasury has been revising down its assessment of future economic activity at successive updates," Dominick Stephens told the Chartered Accountants Australia and New Zealand (CAANZ) Annual Tax Conference in Wellington."The key reason is accumulating evidence of a sustained productivity slowdown.”According to Stephens, since the September quarter of 2022, per capita...

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