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Lowe: An Economic Update
I would like to thank the Armidale Business Chamber for the invitation to speak this evening. I grew up in regional New South Wales – in Cootamundra and Wagga Wagga – so it is a treat for me to have been invited to speak in another great regional city. Thank you. Tonight, I would like to provide you with an economic update. I will focus first on the global situation and then talk about the Australian economy. And finally, I will make some remarks about monetary policy. The main message on the global economy is that while it is still growing reasonably well, the risks are increasingly tilted to the downside. The ... (full story)