Australia’s Swan Says Global Economy Too Reliant on Asian Growth

The global economy is relying too heavily on Asia to make up for stagnant growth in the U.S. and Europe, said Australian Treasurer Wayne Swan, who urged international policy makers to do more to bolster expansion.

“It is time for the other players to get off the benches and start to pull their weight on global economic growth again,” Swan said in remarks to the International Monetary and Financial Committee in Tokyo yesterday, according to a transcript from his office. “Asia alone can’t carry the global economy.”