Australia remains leader in the global recovery: Treasurer

16:29, July 08, 2010      

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Australian Treasurer Wayne Swan on Thursday said the updated World Economic Outlook by International Monetary Fund (IMF) showed Australia remains a "world leader" in the global recovery.

The Washington-based institution has maintained its previous growth forecasts for Australia thanks to "still robust commodity prices boosting private domestic demand".

It predicted growth of 3.0 percent in 2010, accelerating to 3.5 percent in 2011, as it did in April.

"(The report) shows that Australia remains a world leader in the global recovery, with stronger growth, lower unemployment and much lower debt than other advanced economies," Swan said in a statement on Thursday.

"Together with today's strong employment figures, the IMF's report shows the Australian economy is still well ahead of the curve and continues to benefit from the government's strong economic management."

New labor force data released on Thursday showed the jobless rate was 5.1 percent in June, unchanged from May after revisions, as the number of people employed grew by a much larger than expected 45,900.


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(Editor:黄蓓蓓)

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