Treasury needs a better crystal ball on China

Australia’s top forecasting agencies have a poor record of predicting economic growth in China and developments in the commodities market. Let's hope they get it right this time.

When Treasurer Joe Hockey releases his first budget tomorrow, all eyes will be on his spending cuts. But don’t forget to look at Treasury’s forecast on the Chinese economic growth rate and the demand for iron ore -- the single most important commodity for the health of federal budget revenue.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles