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16 Dec 2016
BBG Survey on the MYEFO: Australian Govt to lower its real GDP growth forecast
Bloomberg conducted a survey of 13 economists on the Australian Government's Mid-year Economic and Fiscal Outlook (MYEFO), which is due on Monday.
Key findings from the survey:
Government to project a deficit of AUD37b for year through June 2017 in the MYEFO (median forecast)
This compares to the May 2016 estimate from the government of AUD37.1b
The economists surveyed also expect the government to lower its forecast for real GDP growth to 2% from the 2.5% it had forecast in May (that's the median of the 11 economists surveyed for this question)