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    Treasurer - Press Conference

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    peter_martin9335
    The document discusses Australia's economic performance in the March 2009 quarter. It shows that with the stimulus package, Australia's GDP declined by only 0.1% compared to a projected decline of 1% without stimulus. Australia's GDP decline was also smaller than most other OECD economies. Household consumption in Australia continued to grow through the year in March 2009, unlike in other countries like the US, UK, and Germany.

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    Treasurer - Press Conference

    Uploaded by

    peter_martin9335
    30 views4 pages
    The document discusses Australia's economic performance in the March 2009 quarter. It shows that with the stimulus package, Australia's GDP declined by only 0.1% compared to a projected decline of 1% without stimulus. Australia's GDP decline was also smaller than most other OECD economies. Household consumption in Australia continued to grow through the year in March 2009, unlike in other countries like the US, UK, and Germany.

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    090206 - Treasurer - Press Conference

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    The document discusses Australia's economic performance in the March 2009 quarter. It shows that with the stimulus package, Australia's GDP declined by only 0.1% compared to a projected decline of 1% without stimulus. Australia's GDP decline was also smaller than most other OECD economies. Household consumption in Australia continued to grow through the year in March 2009, unlike in other countries like the US, UK, and Germany.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    30 views4 pages

    Treasurer - Press Conference

    Uploaded by

    peter_martin9335
    The document discusses Australia's economic performance in the March 2009 quarter. It shows that with the stimulus package, Australia's GDP declined by only 0.1% compared to a projected decline of 1% without stimulus. Australia's GDP decline was also smaller than most other OECD economies. Household consumption in Australia continued to grow through the year in March 2009, unlike in other countries like the US, UK, and Germany.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
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    of 4

    National Accounts

    March quarter 2009

    THE HONOURABLE WAYNE SWAN MP
    TREASURER
    Stimulus working to cushion Australian economy
    (Quarterly GDP growth)

    Per cent Per cent


    0.6 0.6

    0.4 0.4

    0.2 0.2

    0.0 0.0

    -0.2 -0.2

    -0.4 -0.4

    -0.6 -0.6

    -0.8 -0.8
    Without stimulus Actual
    -1.0 -1.0

    -1.2 -1.2
    Dec-08 Mar-09
    Australia stronger than other OECD economies
    (Quarterly GDP growth – March 2009)

    Per cent Per cent


    1 1

    0 0

    -1 -1

    -2 -2

    -3 -3

    -4 -4

    -5 -5

    -6 -6

    -7 -7
    Mexico

    Czech Rep.

    Italy
    Hungary

    Norway
    Switzerland
    Germany

    UK

    US
    Japan

    Austria

    Spain

    France

    Sweden

    Poland
    Portugal
    Canada

    Korea

    Australia
    Greece
    Netherlands

    Belgium

    Note: Czech Republic quarterly growth is an estimate based on preliminary through the year data.
    Australia stronger than other OECD economies
    (Through-the-year growth in household consumption – March 2009)

    Per cent Per cent


    1 1

    0 0

    -1 -1

    -2 -2

    -3 -3

    -4 -4

    -5 -5
    Korea Japan UK US Canada Germany France Australia

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