THE DISTILLERY: MYEFO merry-go-round

The federal government's imminent MYEFO stirs the commentariat to question its timing and assumptions.

The Mid-Year Economic and Fiscal Outlook comes out today, with the usual questions about the credibility of its underlying assumptions. It’s a classic collision between the structural issues undermining the budget’s long-term position and the government of the day’s short-term political needs. And while forecasters of all stripes have been made fools of in the post-GFC world, one European commentator’s reputation has increased exponentially – a Fairfax writer takes a closer look.

But first, The Australian’s economics editor David Uren says the potential recovery of Australia’s housing market will be front and centre today.



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