Treasurer Joe Hockey says a falling Australian dollar will help to cushion the impact of declining national income from abroad.
The exchange rate tumbled below 84 US cents for the first time since 2010 on Wednesday after a disappointing set of economic growth figures.
Mr Hockey welcomed the recent significant drop in the currency.
"It helps to cushion the economic impact from fall terms of trade," Mr Hockey told reporters in Canberra.
"A lower exchange rate is an important driver for rebalancing growth across the economy."
Mr Hockey was speaking after the release of the September quarter national accounts, which showed the economy grew at a weaker than expected 0.3 per cent in the quarter for an annual rate of 2.7 per cent.
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