Australia is living high on hubris. In delivering his budget for 2010-2011 this week Treasurer Wayne Swan boasted that the nation had "defied economic gravity not by accident but by choice" with 1.4 percent expansion in 2009 and 2 percent growth expected in the year ending June at a time when other developed economies are only just struggling out of recession.
The Lucky Country's Burning Fuse
The Lucky Country's Burning Fuse
The Lucky Country's Burning Fuse
Australia is living high on hubris. In delivering his budget for 2010-2011 this week Treasurer Wayne Swan boasted that the nation had "defied economic gravity not by accident but by choice" with 1.4 percent expansion in 2009 and 2 percent growth expected in the year ending June at a time when other developed economies are only just struggling out of recession.
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