The Australian Financial Review --- Page: 5 : 7 May 2007 Original article by Adrian Rollins
ABIX Summary
The Australian Government is expected to upgrade its outlook for the economy in the Budget on 8 May 2007. In December 2006, the Government forecast that gross domestic product would rise by 2.5 per cent in 2006-07 and by 3.75 per cent in 2007-08. One analyst predicts GDP growth of 2.75 per cent for 2006-07 and 4.25 per cent for 2007-08. The Government is also expected to revise down its inflation forecast to about 2.25 per cent. Its forecasts for the labour market are also likely to be revised.
