SA:Swan says economy in good shape

AAP General News (Australia)
08-06-2010
SA:Swan says economy in good shape

ADELAIDE, Aug 6 AAP - Federal Treasurer Wayne Swan says the latest figures show the
Australian economy is in good health.

Data on inflation, job creation and interest rates brought together a "petty good set
of figures", Mr Swan said.

"We certainly had a very encouraging inflation number last week, underlying inflation
at 2.7 per cent," he told ABC radio.

"The fact that we've managed to avoid a recession, the fact that we've got record job
creation, 350,000 jobs in the last year, would indicate that we've got a healthy economy.

"Not everybody is going as well as everybody else, there's a two-speed economy as well.

"But what we have got is a pretty good set of figures when you look across the length
and breadth of our economy."

The treasurer said with underlying inflation moderating, the labour market growing,
official interest rates at 4.5 per cent and the budget heading back into surplus, the
Australian economy was in good shape considering the international environment.

AAP tjd/jhp

KEYWORD: POLL10 SWAN

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