Glynn’s Take: Extended Downturn a Growing Risk for Australia - News Summed Up

Glynn’s Take: Extended Downturn a Growing Risk for Australia


Australia’s re-elected coalition government needs to take urgent steps to lift the economy, or risk extending the downturn seen since mid-2018 into its next three years in power. Still new to the job, Treasurer Josh Frydenberg has so far deflected overtures from the Governor of the Reserve Bank of Australia, Philip Lowe, to help the economy with a dose of fiscal stimulus, instead pointing optimistically to income tax cuts and infrastructure spending announced in April.


Source: Wall Street Journal June 11, 2019 07:52 UTC



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