Treasury is taking a slightly more bullish view on economic growth than the market, counting on hitting the 3 per cent level in the next financial year, according to the budget papers.
A pick-up in activity sees growth accelerating from 2.75 per cent in 2017-18 (in-line with the Reserve Bank of Australia's forecast), to 3 per cent for 2018-19 onwards, on a year-average basis.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
