Economic outlook is much better but risks remain
Treasury is forecasting annual economic growth of 4.4% in the 2023 financial year.
The Treasury is now forecasting a much rosier economic outlook than it did in last year’s budget, or even as recently as the December Economic and Fiscal Update.
It is forecasting the economy will have grown 2.9% in the year to the end of June, almost double its 1.5% forecast it made in
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