Australian economy pick-up follows in global slipstream
KPMG Economics in its final Quarterly Economic Outlook of the year has revised its forecasts for the global economy to 3.5 percent growth for 2017 and rising to 3.7 percent in 2018.
Economy
Third quarter economic results: can the global economy pull Australia along?
On balance of risks KPMG Economics maintains its forecast of global growth for 2017 with real GDP at 3.0 percent lifting to 3.4 percent in 2018.
Autumn arrives, but it’s sunshine for the economy
Has Australia’s economy started to turn the corner? There is increasingly positive news.
#MYEFO: not responding to changed circumstances and borrowing from the future unfair to future generations
Put simply, we are simply not responding to our changed circumstances. Our first reading of MYEFO suggests for the period FY17 to FY20 government receipts are expected to be about…
Exports at an all-time high – but the skill of a tightrope walker needed to balance the economy
by Brendan Rynne, Partner, Chief Economist. The September quarter 2016 GDP results confirmed what was expected, which is an economy that’s in reverse in real terms. Unfortunately, the key cause…
The sensible centre: building bi-partisan support for a new reform agenda for Australia
A wide and diverse Senate crossbench, a razor-thin majority in the House of Representatives, the odd rogue MP — it’s a daunting task getting anything through today’s parliament, let alone…
KPMG responds to #Budget2016 R&D and economic implications
On innovation, Paul Van Bergen, KPMG R&D Incentives Tax Partner said: The Budget contained some welcome news for innovative Australian companies.
A healthier structural deficit: taking the temperature on healthcare
Yesterday we released the ‘Solving the Structural Deficit’ report which is our contribution to the public conversation about creating a strong and sustainable Australia. It’s not just for now,…
Structural deficit reform: growing Australia without borrowing from the future
Australia is in its eighth year of substantial and unsustainable fiscal deficit. To be sure, this is partly due to the GFC and governments’ additional spending in response to this.…
Leap Year Boost for Federal Government – a $1bn windfall to tax coffers
Who needs tax reform when you have the Gregorian Calendar? Says KPMG Chief Economist Brendan Rynne.
