OctaFX | OctaFX Forex Broker
Open trading account
Back

Fitch: Australia likely to delay hitting budget surplus amid slowing economy

Fitch Ratings, a global macroeconomic consulting firm, issued a report on Wednesday, warning that a slowing Australian economy could delay hitting the budget surplus.

Key Points (via AFR):

“A slowdown in the world economy will soften anticipated federal revenues and may force the government to spend more to support Australia, stopping the Morrison government reaching its much-hyped return to a budget surplus next year.

Australia would struggle to meet its budget surplus goal next year because economic growth would slow to 2.5 percent, from 3 percent, due to slowing private investment and export growth.”

AUD/USD Technical Analysis: defends 61.8% Fib support despite weak data, revisits three-week highs

Hourly Chart Daily Chart Trend: Bullish AUD/USD Overview:     Today Last Price: 0.7163     Today Daily change: 24 pips     Today Daily cha
Read more Previous

China said to plan a higher fiscal deficit target of 2.8% for 2019 - Reuters

Reuters is out with the latest headlines, citing that China is planning a higher fiscal deficit target of 2.8% in 2019 that would be higher than the 2
Read more Next
Start livechat