Australia Treasurer warns against early stimulus withdrawal

September 3, 2009

AUSTRALIA-BUDGET/    LONDON, Sept 3 (Reuters) – Premature withdrawal of economic stimulus could derail a return to global growth, Australia’s Treasurer Wayne Swan said on Thursday.
   “A premature withdrawal of stimulus could certainly stall recovery. Getting the timing right is essential. We have to be acutely aware of just how fragile the international economy is. There are some encouraging signs, but there’s a long way to go,” he told reporters in London.
   Leaders from the G20 group of developed and developing nations are meeting in London on Friday and Saturday. (Reporting by Fiona Shaikh) ((Reuters; Tel. +44 207 542 2774))
Thursday, 03 September 2009 17:00:00RTRS [nLAJ002243] {C}ENDS

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