Australia to lower its GDP forecasts | Forexlive

Reuters have a summary piece up on Australia’s budget forecasts.

The budget is due tomorrow, Tuesday, 25 October 2022. Reuters cite draft numbers:

• gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from the 2.5% forecast in April
• GDP is also due to be downgraded to 3.25% from 3.5% for 2022-2023

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AUD is being shoved around ojh global developments, not local budget forecasts though.