In the local Australian press today, news the treasury is preparing to cut its economic growth forecasts

  • Currently expectations are for 3.5% (2017-2022) then 3% or so after that
  • Growth rates have been much lower than that though, currently around 2%

So, the treasury is moving closer to reality and will downgrade forecasts for the longer term

More

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Note: The Reserve Bank of Australia cut their forecasts in August's Statement on Monetary Policy

We get the latest Statement today (due 0030GMT) ... more to come on this