Moody's Says Australia Walking Fine Line on Budget Cuts

SYDNEY—Australia’s conservative government is walking a fine line in proposing deep budget cuts as resource-rich economy is slowing, Moody’s Investors Service said.
In an interview, Moody’s Senior Sovereign Ratings Analyst Steven Hess said there may be “economic consequences” if spending cuts sap demand. “Clearly there might be some effect on economic growth,” said Mr. Hess, who is also lead U.S. sovereign credit…

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