chris richardson: The Deloitte Access Economics budget monitor released today found national income has been recovering more slowly than the Federal Government budget forecasts predicted, according to Australian Broadcasting Corporation. The report author, Chris Richardson, said coal prices were driving growth but many of the factors behind that were temporary. Reuters Carlo Allegri Related Story Why did 61 million Americans vote for Trump Related Story Havent had a pay rise in a while Youre not alone Related Story Senate passes budget savings in the dead of night Map Australia A leading budget watcher is forecasting a Donald Trump presidency will not have a significant impact on Australia federal budget. He said two thirds of the national income came from taxes on wages, and that was where the problem was. They arent keeping up with the budget forecasts for them. Just last week we heard a new record low for wage growth in Australia, job growth has faded as well, Mr Richardson said.
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