Senate debates

Thursday, 5 December 2019

Questions without Notice

Economy

2:03 pm

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

What the September quarter national accounts showed is that economic growth in Australia has actually increased. Annual economic growth in the September quarter increased. Is the Labor Party now saying growth increasing is a bad thing? Our economy continues to grow at a time when other economies around the world are actually shrinking. They, like us, are facing global economic headwinds, but Australia is dealing with them comparatively better than other economies around the world.

I say it again: the Australian people understand very well that the economy is performing better than it would have if it had been hit by Labor's socialist, antibusiness, higher-taxing politics-of-envy agenda, which would have made our economy weaker and would have led to lower employment growth, higher unemployment and lower wages over time.

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