good old swannie saves australia

"Australia remains home to one of the world's best performing economies, with the latest data showing growth is now back to pre-financial crisis levels.

The economy grew a seasonally adjusted 1.2 per cent in the June quarter, up from a revised 0.7 per cent pace reported for the January-March period, the Australian Bureau of Statistics reported. Economists had expected gross domestic product to register a 0.9 per cent expansion rate for the June quarter.

"I think the government in particular will be liking this." said Josh Williamson, an economist with Citi.

GDP growth was 3.3 per cent at an annual rate, faster than the 2.7 per cent pace in the March quarter, and surpassing the 2.9 per cent tipped by analysts.

You can't argue with the facts.