Reuters have a summary piece up on Australia's budget forecasts.

The budget is due tomorrow, Tuesday, 25 October 2022. Reuters cite draft numbers:

  • gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from the 2.5% forecast in April
  • GDP is also due to be downgraded to 3.25% from 3.5% for 2022-2023


AUD is being shoved around ojh global developments, not local budget forecasts though.

audusd 24 October 2022 chart 22