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