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THE Rudd government's mid-year budget update is split between warning of the dangers of winding up its economic stimulus spending prematurely and telling us how successful the stimulus has been. Full Article at The Australian
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The Federal Government yesterday released its mid year economic and fiscal outlook (MYEFO) with upgraded growth forecasts of 1.5 per cent in 2009/10 after growth was forecast to contract by 0.5 per cent in the May budget. Full Article at Adelaide Now
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CONTINUING stimulus spending, albeit with slight cut backs, through next year is important for Australia's economy, Treasurer Wayne Swan says. Full Article at NEWS.com.au
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* APEC draft says economies not yet on stable footing * Group economies to keep stimulus plans for durable recovery * Finance ministers say no rush to fiscal tightening * Draft calls for extra commitment to 2010 Doha trade deal (Updates with details,... Full Article at Reuters Alert Net
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WAYNE Swan has declared his economic stimulus package has saved 200,000 jobs, with the Treasury releasing figures showing the economy is in far better shape than it predicted in May. Full Article at The Australian
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We've taken the hard decisions and, of course, in this budget we've offset all new spending, but the stimulus is still very, very important
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They are very afraid -- they don't want to withdraw stimulus plans prematurely
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There are increasing signs that the global economy is heading in a positive direction, but there are still many uncertainties
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The improved economic outlook reflects the effectiveness of monetary and fiscal stimulus in Australia, and the stronger global recovery
