Bowen Says Australia to Withstand End of Mining Investment Boom
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Australia’s economy will remain resilient as the mining-investment boom peaks, with increased exports and a pick up in other industries supporting growth, the nation’s new Treasurer Chris Bowen said.
The economy “will begin to return to normal” in the next two years, Bowen said in a speech to journalists in Canberra today. The transition “will be challenging,” said Bowen, a key backer of returned Prime Minister Kevin Rudd.