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Treasurer confident of stimulus boost to March quarter

Treasurer confident of stimulus boost to March quarter article image

Federal Treasurer Wayne Swan will await next week's figures on the March quarter with confidence after expressing his faith in the positive effects of the Government's first stimulus package, which was awarded to low income earners late last year. "The sort of outcomes we have received here in terms of retail sales are dramatically better than has been recorded anywhere else in the rest of the world," he said. "Our initiatives in housing have all supported jobs at a critical time for the Australian economy." Despite the global recession having an adverse effect on Australia's economy, Swan says there are signs the first stimulus package has worked. Some economists have predicted that gross domestic product will show a fall in the March quarter.

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