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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

30 May 2017 (TheAge) – No rose-coloured glasses: Treasury secretary John Fraser says this time things really are picking up

(30 May 2017, The Age, p5, Peter Martin)

‘Treasury secretary John Fraser has defended his budget forecast for economic growth, saying there are indications “the long period of growth undershooting forecasts is beginning to come to an end”. In the past three budgets the Treasury has forecast a lift in economic growth of 3 per cent and has been disappointed.  But Mr Fraser told a Senate estimates hearing on Monday there were indications that this time economic growth would climb to 3 per cent by 2018-19 after climbing to 2.75 per cent in 2017-18.’



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