All the doomsayers who winge about the state of Australia under the Gillard Government might be interested in the Economic Cooperation and Development (OECD) Economic Outlook May 2013.
Australia’s economy is doing better than all the other OECD countries and we still have the title of happiest nation as well.
This from the Organisation of Economic Cooperation and Development (OECD) Economic Outlook May 2013 about our economy:
The OECD expects the Australian economy to outperform every single major advanced economy – and the OECD as a whole – over the next two years. In 2013 alone, Australia’s growth is expected to be double the average for OECD economies.
Along with solid growth, the OECD expects inflation in Australia to remain contained and the unemployment rate to remain low at 5.6 per cent in 2013 and 5.5 per cent in 2014. This is substantially lower than OECD’s forecast for unemployment rate across member economies, which is expected to be 8.1 per cent in 2013 and 8.0 per cent in 2014.
This on lifestyle and the fact Australia is ranked no. 1.
Even though a slowing mining sector seems to be taking the shine off Australia’s economic boom, we still retain the title of happiest developed country in the world according to the OECD’s Better Life Index.
This index ranks ‘happiness’ in terms of jobs, income, environment and health. Australia remains in top spot (this is our third year as no. 1 – under the Gillard Government I might add). Coming in second is Sweden followed by Canada.
We still live in the lucky country with no wars (onshore), low unemployment, excellent government support systems including health and education, low inflation and interest rates, and one of the best climates in the world.
Add some of the policy innovations of the Gillard Labor Government such as the Disability Scheme, taxing big business polluters rather than the people to reduce carbon, rolling out the NBN which will give our businesses a huge boost with high speeds, and education reform – we have a very good government that gets things done to help make people’s lives better.
Consider the billions of people around the world doing it tougher than us lucky Australians and keep smiling at our good fortune to live where we do.