Should I care about this week’s mid-year economic and fiscal outlook?

Following October’s budget announcement, the mid-year economic and fiscal outlook (MYEFO) is scheduled to take place this Thursday (17 December 2020).

The outlook will be delivered by Treasurer Josh Frydenberg. During his commentary, Mr Frydenberg will discuss what the economy has done since October, the current state of affairs, and what parliament predicts to be on the horizon.

Considering the way that economies worldwide continue to navigate the global coronavirus pandemic, this year’s MYEFO discussions might be more interesting to listen to than last year’s were.

So what’s been going on?

As the MYEFO approaches, the Australian Financial Review (AFR) reports economists are widely expecting an improvement of $14 billion…