Treasurer maintains budget surplus is safe despite steep IMF downgrade

Treasurer Josh Frydenberg says he's committed to delivering a budget surplus despite a steep downgrade to Australia's economic growth forecasts. 

The International Monetary Fund has slashed Australia's outlook to just 1.7 percent in 2019 from earlier more bullish predictions. 

Also Commonwealth Bank chief executive Matt Comyn says the weak global outlook and low interest rate is making life difficult for banks and customers.

Here's my analysis from The World Today