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Economy uncertain, Bowen cautions

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Treasurer Chris Bowen has recast Labor's economic message, warning of an uncertain outlook that will require "careful management". A week after the former prime minister Julia Gillard insisted the economy was "growing, stable and strong", Mr Bowen said commodity prices were starting to slide and mining investment was turning down. "Demand for resources is starting to moderate, partly due to China's economic transition and transformation that it is dealing with," he told his first full press conference as Treasurer. "Since the 2013-14 budget we have seen the price...

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