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Strong economic growth shows that more cuts are not needed |
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He is risking too much on the assumption that the US will turn around |
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![]() ![]() We'll send your vote to Treasurer Peter Costello. |
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| Very robust growth figures - 1.1 per cent for the September quarter - show that Australia's budget and interest rate strategies are right. "The domestic economy has strengthened at a time when the international economy has turned down," Costello said. |
He is gambling on the US emerging from recession before it does severe damage to our economic performance. Opposition Treasury spokesman Bob McMullan said that after the Government had wasted its surpluses it could only hope for a turn-around in the US. |
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