ECONOMIC AFFAIRS: Can Australia avoid an economic downturn?*

What options has the new Rudd Labor Government in a world of dearer money and dearer energy?No doubt Mr Kevin Rudd feels good about Labor’s November 24 election win – and so he might. But, compared to the outgoing Howard Government, the incoming Labor Government is unlikely to have it easy.Thus far we know little about Labor’s intentions – except what Mr Rudd says he won’t be doing.But remember we heard the same sort of stuff from Mr Howard in opposition, yet we found that, once in office, he qu…

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