Australia’s budget surplus has evaporated and its mining investment boom has only two years to run, according to Deloitte Access Economics.
The forecast marks a watershed in assessments of Australia’s prospects, implying in the words of this morning’s Access publication: ”The strong bit of Australia’s two-speed economy won’t stay strong for more than another two years or so”.
Deloitte Access Economics is Australia’s leading private-sector budget forecaster, set up by former Treasury economists in 1988 to provide services to both sides of politics.
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