David Feeney (Victoria, Australian Labor Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Conroy. Is the minister aware that the major advanced economies are in recession, including the United States, the United Kingdom, Japan and the European economies; that growth in the key emerging economies of China and India has now slowed dramatically; and that, as a result of these rapidly moving global developments, we have seen global forecasts revised down on almost a weekly basis? Can the minister update the Senate on how the Rudd government is taking action to support jobs and growth in the current economic climate?