CANBERRA, ACT, Dec. 3 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: National Accounts, MYEFO, energy bill rebates, housing
Jim Chalmers:
Today's National Accounts show an uptick in annual economic growth and a stronger and broader private sector recovery. Australia's economy grew 0.4percent in the September quarter to be 2.1percent higher through the year. That means in annual terms this is the fastest growth in 2years. The really encouraging part of these numbers is to see that the growth in the private sector is gathering pace and that's powered by the strongest growth in private investment in almost 5years.
The biggest story in these National Accounts is the very strong growth in business investment a...