Australian Treasurer Josh Frydenberg warns that the road ahead for the economy remains challenging despite a strong rebound. The unemployment rate will fall to pre-COVID-19 levels in around four years, he added. His comments come as he presents the Mid-Year Economic and Fiscal Outlook (MYEFO) update this Thursday. Key takeaways from the Budget issued Budget deficit forecasts just under AUD 198bn for 2020/21. GDP forecast higher at 4.5% in 2021. Unemployment rate seen peaking at 7.5% in Q1 2021. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures jostle with cautious Fed, US-China tension to cheer stimulus, vaccine hopes FX Street 2 years Australian Treasurer Josh Frydenberg warns that the road ahead for the economy remains challenging despite a strong rebound. The unemployment rate will fall to pre-COVID-19 levels in around four years, he added. His comments come as he presents the Mid-Year Economic and Fiscal Outlook (MYEFO) update this Thursday. Key takeaways from the Budget issued Budget deficit forecasts just under AUD 198bn for 2020/21. GDP forecast higher at 4.5% in 2021. Unemployment rate seen peaking at 7.5% in Q1 2021. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
