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Australia: Growth to Beat Targets - OECD
Source: The Australian
Source Date: Wednesday, May 23, 2012
Focus: ICT for MDGs
Country: Australia
Created: May 29, 2012

THE Australian economy is tipped to beat the government's budget targets - and grow at one of the fastest rates in the OECD - provided it avoids delivering fresh subsidies to troubled industries stuck in the economic slow lane. The Paris-based OECD last night endorsed Labor's "ambitious" plan to return the budget to surplus. And it said that despite the "fragile" state of the international economy, Australia could expect to continue reaping the benefits of the mining boom if it did not stand in the path of change in non-mining sectors.
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