Economists question budget's rosy outlook
Economists have questioned key economic forecasts contained in Tuesday’s federal budget, including a return to long-term productivity growth.
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Economists have questioned key economic forecasts contained in Tuesday’s federal budget, including a return to long-term productivity growth.
The deputy governor is leaving the central bank with a long list of achievements in his wake as he heads to a new career at Fortescue Future Industries.
Deloitte’s Chris Richardson said with inflation firming and interest rates set to rise, the risk was the RBA would have a “foot on the brake” and the government had a “foot on the accelerator”.
Economists say the Reserve Bank could be forced to scrap its multibillion-dollar dividend to the government and may require a capital injection from Treasury.
Health officials must embrace rapid antigen testing as the alternative to outdated and blunt lock-ups that will repeatedly close down schools and disrupt work and business.