Australia’s New Government
Dr Shane Oliver comments on the key changes in the Coalition Government.
The policies of the new Government if implemented are likely to lead to smaller government, less regulation and over time improved productivity and economic growth.
- Expect a mini-budget around November that may contain more aggressive budget savings.
- The historical experience combined with the more business friendly approach of the Coalition suggests a positive share market response over time.
- The key uncertainty relates to the new Senate
