The ratings agency citing Australia's external indebtedness - says its creates vulnerability to major shifts in foreign investors willingness to provide capital

And:

  • Has doubts over the ability of Australian government to meet fiscal onjectives
  • potential for wage growth and infaltion to remain low remains a downside risk to the government's current projections
  • Balance of risks to government revenues remains negative
  • Expects fiscal deficits to widen again in the next couple of years
  • Expect net general government debt to peak a little higher than expected but to remain low at about 27% of GDP

S&P GDP forecasts:

  • around 2.3% this year
  • To rise to its potential growth rate in following years

I stuck this in a post a day or so ago, be a shame not to recycle it here: