Business
Big bank chiefs welcome budget but economists wary on ‘optimistic’ government outlook – Sydney Morning Herald
NAB and CBA chiefs says the budget will help rebuild the battered Australian economy, but economists has issued a word of caution about the government’s outlook…
Commonwealth Bank of Australia chief executive Matt Comyn singled out the asset write-off scheme as an efficient way to stimulate spending.
“In particular, we welcome the financial support to encourage business to invest in new equipment, take on more skilled workers and provide new opportunities for young people that together over time will help to bring down the rise in unemployment,” Mr Comyn said.
However, NAB’s chief economist Alan Oster said the government’s economic forecasts, that are …
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