Fitch ratings agency remarks on the update to the fiscal and economic outlook from Australia's Treasury
Fitch adds:
- it expects the gross public debt ratio to peak in 2018 & the fiscal balance to brought into surplus by 2021
- says Australia's economy and fiscal performance are vulnerable to negative global economic developments
- and that there are risks to Australia's economy and fiscal performance from a faster than expected rise in interest rates in the US
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The mid year fiscal and economic update is often abbreviated (like in the post headline) to MYEFO
