Arab Today, arab today treasurer welcomes sp\s aaa credit rating of australia
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Treasurer welcomes S&P\'s AAA credit rating of Australia

Arab Today, arab today

Arab Today, arab today Treasurer welcomes S&P\'s AAA credit rating of Australia

Canberra - XINHUA

Australia\'s Treasurer Chris Bowen on Thursday welcomed Standard and Poor (S&P)\'s affirmation of Australian government\'s AAA credit rating and stable outlook in its annual review. \"This decision is further testament to the resilience of the Australian economy and the prudent economic management of the Labor Government,\" Bowen was quoted by a ministerial press release. Bowen said Australia is one of only eight countries to have a AAA credit rating and positive economic outlook from all three major international rating agencies. S&P said Australia\'s AAA rating is supported by its \" significant fiscal and monetary policy flexibility, economic resilience, and public policy stability (which) provide Australia with a strong ability to absorb large economic and financial shocks, as was demonstrated during the global recession in 2009.\" Echoing the government\'s recent statements on the economic challenges ahead, S&P also noted that while the outlook for growth in the economy remains solid, the economy faces some challenges in the near term. The government will continue to manage the nation\'s finances prudently and will work to manage the economic challenges ahead, the release said. Meanwhile, Bowen made a speech on Thursday at the National Press Club, vowing to manage the country\'s economic transition. \"Our challenge is to manage this transitional period. From the mining investment phase to the production phase, from resources investment to investment in services, manufacturing and clean energy,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today treasurer welcomes sp\s aaa credit rating of australia Arab Today, arab today treasurer welcomes sp\s aaa credit rating of australia

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today treasurer welcomes sp\s aaa credit rating of australia Arab Today, arab today treasurer welcomes sp\s aaa credit rating of australia

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday