Senate debates

Tuesday, 15 June 2010

Questions without Notice

Economy

2:08 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

We see the effect; we did not have a recession. We saw that you opposed the stimulus package. Your argument was: ‘Let’s wait and see Australia go into recession like so many other countries.’ We know what the Liberal-National Party approach was. This data was very, very encouraging. It shows positive growth outcome for the quarter, and it contains tentative signs of self-sustaining private sector recovery, and that is building. The government’s infrastructure investment is continuing to support demand, providing necessary targeted support for those parts of the economy that require it, particularly the construction sector. (Time expired)

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