(Bloomberg) Australia’s tax cuts due to begin on July 1 will add around 0.4 percentage point to gross domestic product in the following 12 months and are equivalent to about two quarter-point interest-rate reductions, according to ANZ Banking Group Ltd. Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpChina Weighs Stock Market Rescue Package Backed by $278 BillionHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say
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