No confilct on growth forecasts: Swan
Federal Treasurer Wayne Swan has defended Treasury's growth forecast, saying it does not conflict with more pessimistic predictions by the World Bank and the Reserve Bank of Australia.
Last week's mid-year budget review forecast a growth rate of 2.0 per cent for the current fiscal year, more optimistic than the World Bank's 1.8 per cent estimate and the RBA's revised 1.5 per cent.
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