Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

This is what I said:

The road to recovery will be long, the road to recovery will be hard, the road to recovery will be bumpy—

but that the Australian economy has demonstrated its remarkable resilience. Maybe it's not just the Leader of the Opposition but also the member for Rankin who are the only ones across the country who are disappointed in seeing the biggest increase in the national accounts in the September quarter since 1976.

Our focus has been unequivocally on getting more people into jobs and helping to create more employment across the country. More than half a million jobs have been created over the last five months. We have seen the effective unemployment rate come down from a peak of 14.9 per cent to 7.4 per cent today. There is a long, hard and bumpy road ahead, but today's national accounts confirm that the economic recovery is underway, just as recent data in recent days has about house prices, consumer confidence and building sales. They all point in the same direction, and the Australian economy is gaining momentum.

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