SARAH FERGUSON, PRESENTER: Subdued but relatively steady, said the Treasurer. Laura Tingle is our chief political correspondent. I'm delighted to have you in the studio here. Subdued but relatively steady, would you decode?SARAH FERGUSON: Also steady, but not subdued.I think there would have been a lot of nerves in the government over the last week about whether it was likely the figure could have actually gone negative, that is the economy could have contracted.
We've seen in the household sector that all the sort of voluntary things that you might spend money on - going out, buying new clothes - people stopped doing that in the December quarter. They really wound back. LAURA TINGLE: Well, I suspect what it means is that if they're looking at the trajectory of the economy, it suggests it's not going to get any worse.
LAURA TINGLE: Well, a bit sceptically by all the people who you would expect to be sceptical about it, but I think the important thing here, Sarah, is that people know that something has got to give on housing. LAURA TINGLE: Look, I don't actually claim to quite understand it. I think they feel they have got to have some product differentiation here and so they're going for this.
But the economics of nuclear power stations in the Australian environment don't seem to really add up at this point.
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