Sean Langcake discusses the Australian government’s mid-year economic and fiscal outlook
Sean Langcake, head of macroeconomic forecasting for Oxford Economics Australia, explains what’s behind the government’s conservative projections for iron ore.
The recent Mid-Year Economic and Fiscal Outlook (MYEFO) identified $9.8b in savings through lower spending on the Infrastructure Investment Program (IIP) over the forward estimates; an independent review previously found several projects to be over budget and overly optimistic due to capacity constraints. As with the other revenue windfalls in MYEFO, these savings have been invested back into improving the budget bottom line and reducing net debt, rather than loosening the stance of policy.
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Sean Langcake
Head of Macroeconomic Forecasting, OE Australia
+61 2 8458 4236
Sean Langcake
Head of Macroeconomic Forecasting, OE Australia
Sydney, Australia
Sean Langcake is Head of Macroeconomic Forecasting at Oxford Economics Australia where he is responsible for macro forecasting and analytical content. Sean is a regular contributor in the national media on Australian and global economic trends and policy issues.
Prior to joining Oxford Economics, Sean worked in a wide variety of roles at the Reserve Bank of Australia, largely focussing on forecasting and macroeconomic modelling. Sean holds a Masters Degree in Economics from the University of New South Wales, as well as a first class Honours degree in Economics and a Bachelor of International Studies from the University of Adelaide.