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Vital Signs. No return to austerity as Team Frydenberg prevails over the budget hawks

  • Written by The Conversation
Vital Signs. No return to austerity as Team Frydenberg prevails over the budget hawksLukas Coch/AAP

Thursday’s Mid-Year Economic and Fiscal Outlook reminds us of some uncomfortable truths.

In the short term, MYEFO forecasts the economy bouncing back, with deficits shrinking, unemployment falling, and growth rebounding.

But that will largely play out in the next financial year, 2022-23.

Beyond that, the forecasts have us...

Read more: Vital Signs. No return to austerity as Team Frydenberg prevails over the budget hawks

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