RBA's Edey upbeat on world economy

Reserve Bank of Australia's Assistant Governor, Economic Group, Malcolm Edey said on Friday 27 February that the year 2004 is likely to be an above average year for the world economy as once-important risks fade.

While economic performance in the euro area was lagging, there had been a solid pick-up in growth in the United States, Japan, China and the rest of east Asia - the countries which represent the major part of Australia's export markets, Edey told a Committee for Economic Development o