Monday, December 14, 2020

Monday Finance with Peter Ryan - surging iron ore price to budget rescue

After a white knuckle ride during the pandemic-induced economic crisis, there's likely to be positive news when the federal government releases it's mid year budget update or MYEFO in the coming days. E

Economists expect the budget deficit will be slightly narrowed with other key economic forecasts upgraded as the wheels of business roll in the all important leadup to Christmas. 

But higher than expected iron ore prices have also come to the budget rescue touching US$160 a tonne over the weekend. 

ABC's Peter Ryan speaks with economists Chris Richardson and Shane Oliver.

I also speak with Thomas Oriti on ABC NewsRadio

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