This article deals with developments in the Australian economy in the period from the fourth quarter of 1968 (the quarter for which the latest official estimates of national income and expenditure are available) through to the end of the financial year 1969‐70. It was prepared in April 1969 and brings up to date the forecasts for 1968‐69 and 1969‐70 published last October inThe Australian Economic Review, Number 3, 3rd Quarter 1968.Annual periods shown as 1967‐68, 1968‐69 etc. refer to years ende