I thank the shadow Treasurer for his question and for his constant talking down of the Australian economy. He's quite upset because the comparison of Australia with the G7 or with the former government shows that here in Australia we have an economy that continues to grow. We have wages that are growing—including real wages. We have inflation which is continuing to moderate. We have productivity that is increasing, and we have a budget that has gone from a $78 billion deficit under those opposite to a $22 billion surplus.

If you compare that with other economies in the region, we have higher economic growth than Canada, than France, than Germany, than Italy, than Japan, than the UK—not higher than the US, it must be said, but it's higher than six of the G7 nations. We have employment growth that is higher than all the G7 nations—