Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I thank the senator for her question. She, like many on this side, actually has an interest in the economy, which puts her in stark contrast to those on the other side. The IMF, in its article IV report on Australia released last week, stated:

Australia's performance since the onset of the global financial crisis has been enviable.

The fund also forecasts that Australia's economy will grow at 3.3 per cent in 2012, faster than any of the major advanced economies. It also notes we are well positioned to deal with the current global instability.