CANBERRA, ACT, Sept. 3 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: National Accounts data, China, aged care, meeting of treasurers
Jim Chalmers:
The economy grew 0.6percent in the June quarter to be 1.8percent higher through the year. This result was better than most economists expected. It's a very welcome and substantial pick up in growth in our economy.
The particularly pleasing part of this is that our economy is gathering momentum in the face of some pretty substantial global economic headwinds. What we saw in the June quarter was the equal fastest quarterly growth rate in almost 3years and the fastest annual growth rate in almost 2years. And it's especially encouraging when you remember that in t...