Australia's Treasurer Wayne Swan recently shared in a statement that amidst a slowing stabilizing economy, it is important that the Government's economic stimulus stays the way it is as taking it back now would threaten both jobs and the economic recovery. Crunching under the growing pressure from the opposition, Prime Minister Kevin Rudd had seriously been considering taking away the A$42 Billion ($38 Billion) stimulus much quicker than earlier expected, a move which Swan feels will hurt the steady post recession growth the country is witnessing.

"Keeping in place the stimulus is entirely appropriate", Swan shared in an interview. "If we were to simply withdraw stimulus, that would pull the rug out from under the recovery, and that would result in far higher unemployment".

According to Swan, the Australian stimulus, which reached its peak in June, will be gradually taken back this year and in 2010, he just feels that withdrawing it immediately would have an adverse effect.

The Group of 20 nations yesterday met in St. Andrews, Scotland, and gave the nod to maintaining the stimulus till recoveries have reached an appropriate level.