Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I completely reject the premise of that question. Under our government, the Australian economy continues to grow. The Australian economy continued to grow at a time when other economies around the world—in the June quarter, for example—were shrinking. Our economy in the June quarter was growing at half a per cent, and here is the Labor Party saying that the sky is about to fall in! In the UK, in Germany, in South Korea and in Singapore the economies were shrinking.

There are a few global economic headwinds that we are dealing with as a globally focused open-trading economy—