One of the world's leading economists, the Nobel Prize winner Joseph Stiglitz, says no country implemented a better or more effective stimulus package than Australia. The stimulus worked and Australia beat the global recession, and kept people in jobs.

Over Fifty Australian Economists Agree Fiscal Stimulus Prevented A Major Recessi

Nobel Laureate Professor Joseph Stiglitz stated publicly that the Australian Fiscal Stimulus was a well designed package that saved the Australian economy from a major recession that has hit almost all the other OECD economies. He argued that the Australian package was a model for other economies facing similar problems.

After the stimulus package, the Australian economy avoided recession and survived the Global Financial Crisis in surprisingly good shape.