House debates

Wednesday, 16 September 2009

Questions without Notice

Economy

2:00 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the remarks of the Chairman of the United States Federal Reserve overnight that in the world’s largest economy:

… the recession is very likely over at this point …

I also refer the Treasurer to the Reserve Bank of Australia’s August meeting minutes stating that:

… the global economy was most likely on a sustained if modest recovery path.

Treasurer, now that the worst appears to be past for the global economy, will the government cut back its wasteful stimulus spending to reduce upward pressure on interest rates?

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