Senate debates

Tuesday, 8 September 2009

Questions without Notice

Economy

2:52 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

A range of experts and commentators have recognise the importance of the government’s stimulus measures in sustaining economic activity in Australia during the worst global economic crisis in 75 years. They have also recognised the importance of these measures being allowed to run their course in order to support a sustainable recovery. Bob Cunneen, a senior economist from AMP Capital Investors, said on 2 September:

Compared to the deep recessions in America, Europe and Japan over the past year, Australia has sailed through the global financial storm given the benefit of assertive and timely policy stimulus in late 2008 ...

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