Australia’s Strong Economy Proving ‘Doomsayers’ Wrong, Swan Says
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Australia’s economic performance is proving the “doomsayers” wrong, Treasurer Wayne Swan said ahead of a government conference this week to address challenges including an elevated currency and uneven growth.
A 4.3 percent expansion in the first quarter from a year earlier and the addition of 38,900 jobs in May were standout achievements, Swan said in his weekly economic note yesterday. Capitalizing on growth opportunities is a topic at Prime Minister Julia Gillard’s economic forum in Brisbane on June 12-13, he said.