Appendix E
Detailed economic forecasts
for 2005-06

The table below shows the Government’s macroeconomic forecasts. The Australian economy is expected to record solid growth in 2005-06 after a period of modest growth in 2004-05. More comprehensive information is provided in Budget Strategy and Outlook 2005-06, Statement 3.

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Table: Government macroeconomic forecasts

  1. Percentage change on preceding year unless otherwise indicated.
  2. Calculated using original data.
  3. Chain volume measure.
  4. Excluding second-hand asset sales from the public sector to the private sector.
  5. Percentage point contribution to growth in GDP.
  6. For presentational purposes, inventories held by privatised marketing authorities are included with the inventories of the farm sector and public marketing authorities.

Source: Australian Bureau of Statistics and Treasury.

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31 2005-06 Budget Overview