Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

Australians can take heart from the fact that both the government and the Reserve Bank are taking every responsible step to strengthen the Australian economy and protect jobs in the face of the global financial crisis. We know we are facing almost unprecedented economic conditions. We know that most major and developing economies are being affected. And we know that the Australian economy has slowed considerably since the beginning of this global crisis. But we are not out of the woods yet. This will be a long and protracted global financial crisis; it has a long way to run. We will continue to take whatever action is necessary to support growth and limit the impacts of the global financial crisis and the global recession on Australian jobs. (Time expired)