The Australian economy – where are we at?

Governor Glenn Stevens provided an update on the Australian economy today (http://www.rba.gov.au/speeches/2014/sp-gov-030714.html). After reading his update, I summarise the key points as follows: * Our domestic economy has been through a period of strong growth in recent years, due to a period of sustained export growth (driven by the resources sector); * The pace of…

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