Fitch: Australia's budget update reinforces improving outlook

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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