Fitch: Australia's budget update reinforces improving outlook
|The US-based Fitch Ratings is out with the latest review on the Australian Treasury’s mid-year fiscal and economic outlook (MYEFO) published earlier this week.
Key Points:
“It expects the gross public debt ratio to peak in 2018 & the fiscal balance to brought into surplus by 2021.
Australia’s economy and fiscal performance are vulnerable to negative global economic developments.
And that there are risks to Australia’s economy and fiscal performance from a faster than expected rise in interest rates in the US.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.