Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

They laugh opposite, but this government kept Australia out of recession. The OECD, for example, has also given the Rudd Labor government’s economic stimulus the thumbs up. It is welcoming the government’s fiscal settings and the strategy in the 2010-11 budget. The OECD has revised up its growth forecast for Australia, and it expects the Australian economy to grow by 3.2 per cent in 2010 and by 3.6 per cent in 2011. The growth outlook is one of the strongest amongst all OECD economies. Australia’s performance, and its outlook, is one of the strongest amongst all OECD countries—compared with 2.7 per cent in 2010 and 2.8 per cent in 2011 in other OECD countries. (Time expired)