Australian Treasurer Swan’s Press Conference
Written April 22, 2009 at 7:16 PM EST by Alex Chernomordin
Australian Treasurer Swan had the following comments at a press conference:
- IMF forecasts for Australian are better than global rivals.
- IMF Report shows Australia’s fiscal position is strong.
- Government will do all it can in the way of stimulus.
- Budget will be used to support jobs.
- No guarantee jobless rate won’t reach double digit figures.
- Swan says he wont speculate on raising taxes.
- Budget will return to surplus over time.
- Right thing is to run a temporary deficit.
- Optimistic about China’s economy.
Categories: Forex News | Tags: AUD
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