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RBA Stevens: Economic Conditions and Prospects - Creating the Upside
Thank you for the invitation to speak in Brisbane once again. The last time I spoke with this group, in July 2013, the economy was estimated to be growing at about 2½ per cent.[1] Underlying inflation was 2¼–2½ per cent, consistent with the target of 2–3 per cent. Two years on, the economy is growing at just shy of 2½ per cent and underlying inflation is around 2¼–2½ per cent, consistent with the target. In some respects, then, it might seem that not much has changed. In fact a number of important developments have occurred during that period, some as anticipated and some not. Overall, the fact that not ... (full story)
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