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May 28th, 2012 
FAKE NEWS for the Zionist agenda Federal Treasurer Wayne Swan has lauded an analysis of Australia’s financial standing by one of the nation’s major banks, saying it highlights the economy’s “standout performance”.
A report by Westpac found that Australia is in a much more robust financial position than the rest of the developed world, giving it a greater ability to weather the storms to come.
It also says that the strong fiscal position relative to the rest of the world means that Australia’s financing will be very limited compared to nations of the north Atlantic, the Mediterranean and Japan.
“In an era of deteriorating credit quality, the formidable strength of Australian government securities should see them remain a very attractive investment proposition amongst global investors,” Westpac economist Elliot Clarke says.
“If, as we suspect, the European economy deteriorates further, then this will become all the more relevant.”
Mr Swan said reports confirming Australia’s standout performance are becoming a daily event.
“While there are parts of our patchwork economy facing pressures, our fundamentals remain strong, with our economy forecast to grow more strongly than every major advanced economy over the next two years,” Mr Swan said.
Last week the Organisation for Economic Cooperation and Development (OECD) gave Australia an upbeat appraisal, forecasting economic growth over the next two years to be ahead of the 34-member OECD bloc as a whole.
Government agency, the Bureau of Resources and Energy Economics (BREE), also found committed investment in the mining sector stood at a record $260.8 billion in April.
“Despite the Liberals’ determination to talk our economy down at every turn and try to undermine confidence, the facts of our standout economic performance speak for themselves,” Mr Swan said.
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