Most Australians understand that our economy faces headwinds. But as Australians we will always back ourselves to make it through.

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Dear John,

Most Australians understand that our economy faces headwinds. But as Australians we will always back ourselves to make it through.

Global growth has slowed. There are trade tensions and there is political and financial uncertainty.

At home, we are enduring a prolonged drought, which reduced farm GDP by 8.3% last year.

However, compared to other countries, Australia’s economy is strong.

It has grown by 0.5% in each of the last two quarters. By contrast, Germany, Singapore, the UK and South Korea have all had recent negative growth.

Australia’s Budget is in balance. This year, we will deliver the first surplus since 2008.

This means we can pay down debt, which costs $19 billion in interest each year.

Labor would have us blow the surplus, like they did last time, and add to this debt.

If Australians wanted to elect economic panic merchants, they would have voted Labor.

For Australia, challenges are not new. We will meet them, optimistically, practically and soberly.

Last night I gave a speech outlining a number of ways we are working positively to make our economy stronger. You can read it here. ([link removed])

Now is not the time for Australia to lose our nerve.

It is once again time to demonstrate our confidence in the future and stick to a plan. To invest, employ and work together to meet and beat the challenges ahead.

Sincerely,
Scott Morrison
Prime Minister of Australia


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