Early Edition with Kate Hawkesby
Ryan Bridge: The growth forecast in Budget 2025 at least gives us hope
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:02:41
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Sinopsis
Good morning and guess what? Things are looking up. The future's looking pretty good. Not from budget announcements themselves, necessarily, but the Treasury forecasts. We'll hit just shy of 3% growth next year. It'll average 2.9% across the next four years. Unemployment gets back below 5%. Inflation is beaten at 2%. Wages grow faster than costs at 2.7%. These are the best forecasts we have, and they show that even if the global outlook gets worse, we'll still grow by a whisker shy of 3% next year. We've been talking about them all year but thank the Lord for our primary sector exports. They're in high demand. Prices are up. Payouts are up. Tourism is coming back back on, albeit slowly. Finally, after effectively two years of going backwards, and four years of feeling very poor, things look like they're finally turning a corner. The good old days are coming back. But the pain isn't over yet. The forecasts have us actually going backwards 0.8% this year. And you can feel that and see it some of the confidence,