Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

They're not aware that issues like GDP and employment—all those issues—are relevant for inflation. What I know also is that the highest inflation rate for any quarter this century was on their watch—the March 2022 quarter—and their response was to pour money into the economy as a result of a budget that did not have a single dollar of savings—not one dollar.

When you look at our comparison with the G7, our GDP growth is the highest—higher than any G7 country: Canada, France, Germany, Italy, Japan, the UK or the US. Our participation rate on employment, at 66.7 per cent, is higher than—guess what?—Canada, France, Germany, Italy, Japan, the UK or the US. Our employment growth of 2.9 per cent is—guess what?—higher than Canada, France, Germany, Italy, Japan, the UK and the US. Indeed, in the first 12 months that this government has held office, we have created, on our watch, more jobs than any government on record. That's our economic record: making a difference with measures such as the measure that we introduced on energy price relief, which is estimated by the Treasury to put three-quarters of a percentage point of downward pressure on inflation, something that they voted against.

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