Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

The economic growth, as we forecast in the budget, is 2½ per cent for the last financial year. That is what we forecast in the budget and that is what it turned out to be. I can say to the honourable member: as he knows—as every credible economist knows—there can be variations from quarter to quarter. The 0.9 per cent, at a time when people were suggesting that somehow we were in recession, was one of the fastest levels of growth in the developed world.

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