Comment from Australian Treasurer Hockey in a radio interview, reported on Bloomberg
- Says he doesn't accept Australia in sub-par growth era
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The Reserve Bank of Australia's Governor Stevens says growth below 3% is new normal, and the bank has lowered their growth forecasts accordingly.
Hockey taking issue with this. I'm tempted to shrug off Hockey's comment with a 'Whatever, fat boy'.
But ... its nice to see Hockey finally trying to talk some positives for the Australian economy. In the past he has had a habit of talking it down. Maybe we're in a pre-election planning stage.
And, maybe he is worried about losing his seat. (It's a big seat).)