Just thinking out loud here
The poor GDP result may prompt a greater fiscal response – i.e more government spending.
Which would ‘delay’ getting the budget into surplus (I put delay in commas ’cause some say it’ll never get back into surplus … I disagree, but I see the point … these delays keep on coming). The delay in getting to a surplus has been cited by at least one ratings agency as a risk to Australia’s rating.
Does the poor Australian Q3 GDP have negative implications for AAA rating?
