Mr FRYDENBERG (Kooyong—The Treasurer) (14:04): Mr Speaker, as you know— Mr Rob Mitchell interjecting— The SPEAKER: Treasurer, just pause for a second. The member for McEwen will withdraw that term. Mr Rob Mitchell: I withdraw. The SPEAKER: I remind the member for McEwen—we've been through this—that members should be referred to by their correct titles. Both sides of the House agree that that has made a difference. We're not going to slip back into that. The Treasurer has the call. Mr FRYDENBERG: The IMF today, in its global economic outlook report, has Australia's economic growth in 2019 at 1.7 per cent and in 2020 at 2.3 per cent. As the House knows, Australia is in its 29th consecutive year of economic growth. Employment growth in Australia is at 2.5 per cent. Do you know what it was when we came to government, when we inherited the fiscal mess from the Labor Party? It was at 0.7 per cent, less than one-third of what we have today. Economic participation—the number of people who are in work—is at a record high at over 66 per cent. Welfare dependency today is at a 30-year low. We now have— The SPEAKER: The Treasurer will resume his seat. The member for Rankin on a point of order? Dr Chalmers: Mr Speaker, it is on relevance. The question was: why is the IMF's downgrade for Australia four times worse than for other advanced economies? The SPEAKER: I'm listening to the Treasurer. He's still being relevant to the question. The Treasurer has the call. Mr FRYDENBERG: As I said, the IMF has Australia's economic growth at 1.7 per cent in 2019 and at 2.3 per cent in 2020. The Australian economy continues to grow. As the Prime Minister said, the Leader of the Opposition was asked today if his taxes would have hurt the Australian economy. I remind the House that his retiree tax—$57 billion; his family business tax—$27 billion; and his taxes on superannuation—$34 billion— Mr Albanese: Mr Speaker— The SPEAKER: The Treasurer will resume his seat. Leader of the Opposition, this cannot, under the standing orders, be a point of order on relevance. Mr Albanese: Well, it's a bad one then, Mr Speaker. The SPEAKER: A bad standing order? Well, you introduced it. The Leader of the Opposition can resume his seat. I'm listening to the Treasurer, and he might listen to me for a second. He does need to relate his material to the question. Mr FRYDENBERG: The fact of the matter is the Australian economy continues to grow. As the Prime Minister has indicated, of the G7 countries, the IMF's projections of Australia's growth are second only to those of the United States.