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Wednesday, 1 December 1965


Mr L R JOHNSON (HUGHES, NEW SOUTH WALES) - I ask the

Treasurer a question. Why has the growth rate of the economy fallen from 9 per cent, last year to 6 per cent, for the first quarter of this financial year? Does this trend reflect the full in consumer demand following the failure to increase pensions and the basic wage in the face of rising prices? Will the Treasurer say in specific terms what action is to be taken to arrest this trend, or is the decline in growth to be allowed to drift until another credit squeeze has to be applied, with consequential unemployment?







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