Fed: Economic growth should pick up in 2009 says Rudd

AAP General News (Australia)
08-29-2008
Fed: Economic growth should pick up in 2009 says Rudd

The Prime Minister says economic growth should begin to improve in 2009.

KEVIN RUDD has told Fairfax Radio forecasts by the Reserve Bank indicate economic growth
should improve by the June quarter next year.

In the meantime Mr RUDD has warned of tough times ahead saying Australia isn't immune
to what's going on around the world.

He says the US financial crisis has created a big challenge for our economy.

Mr RUDD admits it's a really difficult time for Australians and says that's why the
government's focussed on creating a budget position to enable the Reserve Bank to cut
interest rates.

AAP RTV sm/rl/sw/bart

KEYWORD: ECONOMY RUDD (CANBERRA)

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