Andrew Gee (Calare, National Party) Share this | Hansard source

I thank the House for this opportunity to talk about the wonderful economic performance of Australia and about the great job the Treasurer is doing in helping to drive Australia's economic growth. Economic growth was 1.1 per cent in the last quarter, 2.4 per cent for the 2016 calendar year. Once again, Australia is growing above the OECD average and faster than every G7 economy. The good economic news just keeps on getting better. Look at Australia's terms of trade—that is, the ratio of our export prices to import prices. That grew by 9.1 per cent, delivering a 15.6 per cent improvement on the December 2015 quarter. That is terrific economic news and, in particular, great news for our exporters.

It is not only the cities that are driving this growth. Regional Australia certainly has a great economic story to tell.

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