The table below shows the Government's macroeconomic forecasts. The Australian
economy is expected to grow by 2¾ per cent in 2008‑09. More comprehensive
information is provided in Budget Paper No. 1, Budget
Strategy and Outlook 2008‑09, Statement 2.
(a)Calculated using original data.
(b)Chain volume measures, except for nominal gross domestic product which is in current prices.
(c)Excluding second‑hand asset sales from the public sector to the private sector and including the impact of the privatisation of Telstra.
(d)Percentage point contribution to growth in GDP
(e)The estimate in the final column is the forecast rate in the June quarter 2009.
(f)Through the year growth rate to the June quarter for 2006‑07 and 2007‑08.
Source: Australian Bureau of Statistics and Treasury.