Australian budget

Australia`s annual budget was made public on Tuesday and I took a screenshot of the key figures of the report

The main indicators would be the economic growth, inflation and labour market.

In terms of economic growth, the GDP for 2014-2015 is expected to remain at its current level before growing at a pace of 2.75% and 3.25% respectively.

Consumer price index (CPI), the leading indicator of inflation points to the risk of deflation. In 2013-2014, the CPI was measured at a level of 3.0% while the CPI figure is projected to drop in 2014-2015 onwards.

The unemployment rate is forecasted to increase which is not a healthy sign at all in the economy.