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"But with the proper package of infrastructure improvements and low interest rates," he said, "it can happen".
2.02am BST Abbott was speaking at a press conference at which he was supposed to jointly announce the federal-state package of infrastructure to support the Badgerys Creek airport, with Barry O'Farrell.
China, which announced a package of infrastructure spending and other measures last November, is widely expected to announce fresh steps to bolster growth and safeguard jobs in the weeks ahead.
Mr. Nauschnigg, who works for the Austrian central bank but was writing in a personal capacity, cites his country's experience in 1995 to 1999, when sharp deficit cuts were accompanied by a package of infrastructure investments.
These are many and deeper than ever, but the government, bolstered by a massive injection of funds from wealthy Gulf supporters such as Kuwait, Saudi Arabia and the United Arab Emirates, has made some promising starts, including an initial $3.5 billion stimulus package of infrastructure spending.
But there is good reason to hope that by midyear the economy will perk up as destocking comes to an end and the government's fiscal stimulus kicks in.China's 4 trillion yuan ($585 billion) package of infrastructure spending, subsidies and tax cuts for businesses has been trashed by many commentators as another "Chinese fake".
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Mr. Oettinger said the offer, which was presented as part of a package of energy infrastructure projects worth 2.3 billion euros, was a "milestone" for European energy policy.
Currently, there is a mismatch between the provider perspective of neatly packaged ranges of infrastructure products and the application perspective of constraints between services.
It hardly mattered that a lot of these jobs would be in Mississippi, not Virginia, because of a package of tax and infrastructure incentives McAuliffe was able to secure from Barbour, who himself made the successful transition from operative-businessman to public office when he was elected governor of Mississippi in 2003.
The upturn in the economy will not occur because of a New Deal/Japanese-style stimulus package of big-government infrastructure spending but because of steps taken by the Treasury and the Federal Reserve.
The proposal, announced on Monday and nestled within a $800 billion package of labor and infrastructure investments, generated some genuine excitement among those seeking a way out of the current jobs malaise, as well as among community college administrators struggling to keep up with demand from students.
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