Thank you to the American Australian Association for affording me the opportunity to speak again in New York. Thank you also to Goldman Sachs for hosting the event. The World Economy There are about as many indicators of the world economy as there are people studying it. My remarks will be fairly high-level, and since we have just had the IMF meetings, it seems appropriate to begin with the picture they present. The Fund's latest publication estimates that output in the world economy grew by 3.4 per cent in 2014 (Graph 1). This is a bit shy of the long-run average of 3.7 per cent, and actually fractionally above the ... (full story)