red baron wrote on Apr 17
th, 2012 at 4:06pm:
I'm not going to go through chapter and verse, suffice to say THE LIBERALS LEFT THIS COUNTRY IN A1 GRADE CONDITION AND NOW IT IS D - MINUS AND DROPPING.
Is your accessment based on the lowest rate of unemployment in the developed world ?
Or, perhaps, Australia being the ONLY O.E.C.D partner NEVER to have gone in to recession - from the onset of the GFC ?
Or, perhaps the highly praised - and highly successful - stimulus packages, designed by the "World's Best Treasurer" ?
( ... a stimulus debt, among the world's lowest) You'd care to name a STRONGER economy ?
TREASURER Wayne Swan says the latest assessment by the International Monetary Fund (IMF) shows that
Australia will outperform every major advanced economy over the next two years. In its latest World Economic Outlook, released today, the IMF said it believes global prospects are improving, although downside risks remain.
The improved outlook has been driven by an increase in activity in the US and better policy responses to the European sovereign debt crisis, although it expects the euro area to enter a mild recession.
It modestly upgraded its world growth forecast for 2012 to 3.5 per cent, from a previous prediction of 3.3 per cent in January when it released an update statement.
"Despite the impact of ongoing global uncertainty and uneven conditions across sectors, the IMF expects that the Australian economy will outpace all major advanced economies over the next two years, with forecast growth of 3.0 per cent in 2012 and 3.5 per cent in 2013"
Mr Swan said.
The Washington-based institution is also forecasting
Australia's unemployment rate to remain low at 5.2 per cent in both 2012 and 2013.
"With solid growth, low unemployment, contained inflation, strong public finances and a record pipeline of business investment,
the Australian economy is the standout performer of the developed world
," Mr Swan said.