Good news from the OECD on Australia’s economic outlook

There is good news from the OECD via Acting PM Wayne Swan tonight (OECD Economic Outlook 91):

The OECD Economic Outlook released tonight confirms that the Australian economy will significantly outperform OECD economies as a whole over this year and next.

Australia’s economic fundamentals remain strong, with our economy expected to grow more strongly than every single major advanced economy over the next two years.  The OECD forecasts our growth to be 3.1 per cent in 2012 and 3.7 per cent in 2013.

This sounds reasonable to me. WA is growing strongly and I’m very confident about the Queensland economy, too – confidence which was affirmed today by a report on the Brisbane Times website (Boom to cause space squeeze):

Queensland’s booming resources and finance sector is set to cause a shortfall in Brisbane office accommodation, a major developer said today.

Leighton Properties state manager Brian McGuckin told reporters there was “unprecedented demand” for office space in Brisbane as he toured the top level of the company’s new CBD building, King George Central.

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