RBA's McGauchie: dangers of weak foreign growth

In an interview Reserve Bank of Australia board member Don McGauchie said that anaemic economic growth in Europe and Japan is of much greater concern than war in Iraq.

First published by Dow Jones Newswires, 3 April.

Reserve Bank of Australia board member Don McGauchie, in an interview with Dow Jones Newswires, observed that the government's prediction for a rebound in the domestic economy to 4% growth in 2003-04 is still realistic. The proviso is that the drought breaks and consumer confidence

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