ECONOMICS – AUSTRALIA

Worst growth rate since Coalition elected Hockey shrugs off bad news

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 : 3-Sep-15

A spike in government spending, mainly on defence, helped prevent the economy shrinking for the first time in more than four years in the June quarter of 2015. Exports were down and investment was weaker, cutting GDP growth to 0.2 per cent from 0.9 per cent for the previous three months.

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AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, VICTORIA UNIVERSITY, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, ALPHABETA, INDUSTRY SUPER AUSTRALIA PTY LTD

We can agree, say top leaders

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 : 27-Aug-15

The 30 per cent company tax rate made Australia uncompetitive, Rio Tinto MD Phil Edmands told the National Reform Summit in Sydney. Reserve Bank governor Glenn Stevens said changes to industrial relations also had to be looked at to help boost economic growth and employment. Professor Ross Garnaut suggested an economy-wide carbon price to pay down debt.

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AUSTRALIA. DEPT OF THE TREASURY, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORPORATION – ASX NWS, KPMG, RESERVE BANK OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, ACTU, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, RIO TINTO LIMITED – ASX RIO, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, GRATTAN INSTITUTE