First Up for Rudd: The Economy

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BY ENDA CURRAN
SYDNEY—Australia’s Prime Minister Kevin Rudd put the economy at the heart of a campaign to avert a landslide election defeat for his ruling Labor party, seeking to exploit growing voter anxiety about a fading mining boom that threatens extensive job losses.
In doing so, the newly installed Mr. Rudd is hoping to remind voters of his role in steering the country through the global financial crisis without any sharp downturn. But the approach also risks damaging fragile consumer and business confidence as Australia’s economy faces a delicate transition away from relying on the resources sector amid cooling demand from China, …
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