(Originally published at Crikey.com.au)
Crikey intern Nikki Bricknell writes:
Looking at our domestic economy, it looks like the real GDP will go down just a smidgen, unemployment will stay exactly the same, and the consumer price index will go up.
Thanks to the huge demand for iron ore (which will drive nominal GDP up 9.25% this year), commodity prices are expected to increase taxation receipts by $310 million this year and $7.8 billion over the next four years.
