Australian treasurer dampens post-election economic expectations
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Treasurer Peter Costello has been accused of paving the way for the government to break its big-spending election promises after he expressed scepticism about official predictions of strong economic growth.
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SYDNEY (Dow Jones)--As Australia consigns the lengthy federal election campaign to history, the outlook for interest rates returned to center stage Monday as housing
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The Australian government Tuesday revised down its forecast for gross domestic product next year to 3 percent. In May, the government had projected GDP for the fiscal year ending June 30, 2005, to reach 3.5 percent.
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Australia is steeling itself for a bitter, big-spending final week of the election campaign, underscored by an even more fervent scare campaign to frighten voters into declaring themselves
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INTEREST rates went up and down regardless of which party was in government, Labor said today. Prime Minister John Howard yesterday said he could guarantee interest rates would be lower under the Coalition
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Australia's conservative government has slipped further behind the Labor opposition ahead of a November parliamentary election after both sides unveiled multi-billion dollar tax pledges, a new poll showed on Tuesday.
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Australiaâs conservative government on Tuesday pared back its economic growth outlook due to disappointing exports, as expected, but said its budget position had been boosted by strong tax receipts.
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SYDNEY (Dow Jones)--A bigger-than-expected fall in Australian building approvals in August suggests the Reserve Bank won&#39;t be in a hurry to raise interest rates immediately after the Oct. 9 election.
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Australia's opposition Labor Party  matched government promises to cut income taxes on Friday, to  stem a surge in voter support back to the government ahead of  elections in November.
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Australian Prime Minister John Howard,  behind in polls ahead of a 2007 election, was accused on Monday  of trying to scare voters by saying opposition plans to cut  greenhouse gases would cause an economic recession.
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The International Monetary Fund (IMF) has nominated Australia as one of the countries where recent house price increases are difficult to explain in terms of economic fundamentals.
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Australia's economy loses jobs for the third month out of four - news which could spell trouble for the country's strong growth.
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THE Federal Government could not take any comfort from a new poll showing the coalition held an election-winning position in Queensland, Prime Minister John Howard said today.
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TELSTRA Corp Ltd&#39;s share price was being impacted by uncertaintly about the election, chief financial officer John Stanhope said.
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Australia's opposition Labor Party promises big tax breaks if it wins October's elections, as polls indicate a tight race.
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Australia, one of the best-performing  advanced economies, faced looming economic turbulence from the  subprime lending meltdown in the United States, Prime Minister  John Howard warned on Sunday.
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The government of Prime Minister John Howard had a narrow lead in opinion polls heading into the final week of campaigning ahead of the Australian federal election, but the opposition Labor party was narrowing the gap, according