Labor has produced the goods on economic growth

Labor has been derided as critics as economically incompetent, but the latest wave of GDP data shows that it has been a standout steward of the economy.

While the complete economic picture from Labor's time in office will continue to filter in over coming months, today's GDP numbers are last major economic evidence before the election. GDP performance up to and including the current quarter won't be available until December, by which time it looks like an Abbott Government will have released its first mid-year economic and fiscal outlook.

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