Commsec: Mid-Session 23 Jul 20 – ASX 200 struggles for direction following Treasurers Fiscal & Economic update

Banks and miners are trading lower on Thursday hampering the efforts of the overall market. On Thursday after the Fiscal & Economic update saw Australian Treasury forecast a 2020-21 budget deficit of $184.5bn, Real GDP is forecast to fall by ¼ per cent in 2019-20 and by 2½ per cent in 2020-21. Via news.com.au — Australia’s leading news site https://www.news.com.au