Amid global economic gloom, Australian growth figures for the March quarter were a stunning surprise. Quarterly growth of 1.3 per cent and annual growth of 4.3 per cent (revised up) beat all expectations.
The only thing that was predictable yesterday was the reaction. Joe Hockey asked us to imagine how well our country would be doing if we had a good government and called Wayne Swan the "scariest thing in Australia". The doomsayers suggested that the figures were misleading, or that they only made the introduction of carbon and mining taxes more foolish.
And Swan had a spring in his step, because, at least for a day, his critics looked silly indeed.