From the article:
The fund says Australia will grow at only 1.8 per cent this year, down from its previously forecast 3 per cent. The figure is way below the May budget forecast and only half the most recent Reserve Bank forecast, suggesting it will be harder than expected to reach the promised budget surplus in 2012-13. For 2012 the fund forecasts 3.3 per cent, down from 3.5 per cent.
But it points out that these are best-case forecasts, made on the assumption that almost everything goes right.
And now they want to further slow the economy with a carbon tax - makes sense I suppose don't just stuff it a bit go the whole hog and see if we can end up like on of the PIIGS
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- let's hope the judges got it right for once
From the article:The fund says Australia will grow at only 1.8...
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