The Mid-Year Economic and Fiscal Outlook (MYEFO) is due at 0115 GMT
Expected to show that Australia's gross debt will be $23 billion lower by the end of the 2020-21 financial year, compared to the forecasts in the May budget
- Gross debt was predicted at $606 bn by 2020-21 financial year., update expected to show prediction at $583 billion
'In a nutshell' view' - This is the 'headline' - watch for departures from the expected for market impact (if any). And there will be other details which I'll pop up ASAP after the report is out.
In terms on the 'economy' part of the MYEFO, watch for a bump higher in GDP forecasts - nominal from 4% to 4.5% but real staying around 2.75% (these for 2017/18,. further out little change is expected.)
