Budget Paper No. 1: Budget Strategy and ... - Budget 2019-20
Nominal GDP is forecast to grow by 5 per cent in 2018 19, 3¼ per cent in 2019 20 and 3¾ per cent in 2020 21 (Chart 6). The moderation in growth in 2019 20 reflects a fall in the terms of trade as key commodity prices are assumed to decline to more sustainable levels. ................
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