Budget Paper No. 1: Budget Strategy and Outlook 2018-19 ...

This is partially offset by a pick-up in real GDP growth and in wage and domestic price growth. The level of nominal GDP is expected to be around $42.7 billion lower over the four years to 2022 23 compared with the 2018 19 MYEFO, with downgrades to the outlook for compensation of employees, non-mining profits and gross mixed income. ................
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