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Migrant spending a great stimulus to economy during crisis
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The massive inflow of almost 300,000 migrants and temporary workers last year was one of the biggest contributors to Australia's superior economic performance during the global recession.

Their spending delivered a stimulus at least as big as the government's first cash splash, and the flexibility of a temporary migrant labour force that now holds about 7.5 per cent of all jobs helped the economy to ride out the downturn with a relatively little rise in unemployment.

http://www.theaustralian.com.a...frg9if-1225823060974


Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
Fellow of the Institute of Chartered Accountants in England and Wales
Member of the Institute of Chartered Accountants in Australia
http://www.gomatilda.com and
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Offices in Southampton - England; Melbourne, Perth, and Brisbane - Australia
 
Posts: 3367 | Location: Southampton, UK | Registered: 01 August 2002Reply With QuoteReport This Post
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