Along with the Asian countries, Australia is one of the first countries to bounce back out of the strong and long recessionary period. If economic forecasters are to be believed, Australia would emerge as one of the strongest economies after recession.

The phase is termed is more of a rebuild phase than a rebound phase. In the previous year, the economy had registered a growth 0.6% to June 2009. In June 2010 the country is expected to grow at the rate of 2.5 percent annually and by June 2011 it would climb to 3.5 percent.

Economist Richard Robinson said that the investments were encouraging in a few sectors that were important. For instance the construction sector, witnessed good investment numbers both on the public ad private fronts.

The last decade overall wasn't really encouraging for Australia's growth, as it saw cutbacks in spending in the education and infrastructure setups, which were a setback for the country, lowering the productive growth.

The Reserve Bank of Australia will take necessary steps to curb inflation down to the rate of 2-3 percent in the future.