FactCheck: how strong is Australia’s economy? “We have among - TopicsExpress



          

FactCheck: how strong is Australia’s economy? “We have among the lowest of budget deficits and debt to GDP of any other major economies in the developed world… If it’s so bad, Mr Abbott, why have we been given by the three ratings agencies a AAA credit rating?“ – Prime Minister Kevin Rudd, ABC’s AM program, 5 August. Verdict The data indicates that the Prime Minister’s statement about the debt position of Australia is correct. The economy is doing relatively well by international standards
Posted on: Tue, 13 Aug 2013 05:48:47 +0000

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