Watch out for the flying pigs! Treasurer quotes 4% to pay for tax cuts BUT RBA eyes 3% growth amid ‘troughed’ inflation

 

Watch out for that flying pig!

Haven’t we got a Treasurer somewhere relying on growth to be 4% p.a. to pay for his $65,000,000,000.00 in corporate tax cuts?

The Reserve Bank of Australia has doubled down on its 3 per cent growth target, despite acknowledging that economic shocks “will occur” in the future. Speaking at the Reserve Bank board dinner he

Source: RBA eyes 3% growth amid ‘troughed’ inflation

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Summary
Watch out for the flying pigs! Treasurer quotes 4% to pay for tax cuts BUT RBA eyes 3% growth amid ‘troughed’ inflation
Article Name
Watch out for the flying pigs! Treasurer quotes 4% to pay for tax cuts BUT RBA eyes 3% growth amid ‘troughed’ inflation
Description
The pigs are flocking! Treasurer Scott Morrison is relying on forecast economic growth to be be 4% a year to justify $65,000,000,000 in corporate tax cuts to his mates when RBA believes a patchy 3% is what we will get!
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Mortgage Business comments by MaxiLife
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