I agree.
But then again, you cannot claim a 4.75 unemployment rate if projects stall and new labur coming through has no jobs.
You cannot claim additional revenue from projects in your budget, unless price inflation occurs. This depends on record terms of trade continuing, a very big assumption.
You cannot claim 4% growth with 2% inflation, because GDP growth will only come from inflation unless you shift the production possibility frontier outwards.
So how good are the forward estimates and what is the real state of the economy?
Cheers
I agree.But then again, you cannot claim a 4.75 unemployment...
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