CANBERRA, ACT, June 4 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: National Accounts March quarter, better targeted superannuation concessions, tobacco excise, tax reform, defence spending, aged care reforms, Australia-US relationship, investment, productivity, Glyn Davis, budget management, tariffs and trade

Jim Chalmers:

Our economy grew in the March quarter, but slowly. Just 0.2percent in the March quarter, and 1.3percent through the year. Our economy continues to grow despite very substantial global headwinds. We saw those set out by the OECD overnight and also in the commentary in the Reserve Bank minutes that were released yesterday. There wasn't a lot of growth in March, but what growth there was ...