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Tony Abbott can relax: it's still the same economy, stupid
After the alarmism about a budget emergency, the Coalition now get to play with Australia's real-world finances. So now we have a new prime minister and a new treasurer. What will happen to the economy and what type of economy do they have to deal with? First off, not much will happen in the short term. The national economy is not some zippy speedboat that changes direction just because of a press release. Every incoming government has to deal with the overhang of the previous one, and until significant economic/budgetary legislation is passed there will be very little the Coalition can claim as their doing. This ... (full story)