Free Trial

Treasury Sees Unemployment Rate Falling Further In 2022, 2023

AUSTRALIA

The Australian Treasury releases the Mid-Year Economic and Fiscal Outlook (MYEFO):

  • The Treasury expects the unemployment rate to fall to 4.5% in June 2022 and then by a quarter-point more in June 2023. It is seen holding around that level thereafter.
  • The government sees real GDP growth at +3.75% Y/Y in 2021-22 before a moderation to +3.50% Y/Y in 2022-23.
  • Net debt is expected to be 30.6% of GDP in June 2022 and will peak at 37.4%.
  • Many details of the Treasury's forecasts were leaked to the press beforehand.
  • Click here to see the full document.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.