RBA's Macfarlane: global influences on the economy

In the speech 'Global influences on the Australian economy' given on 14 June, Ian Macfarlane of the Reserve Bank of Australia downplayed a recent slowdown in Australia's economic growth as a healthy correction that might help prolong the current expansion.

"Some people are disappointed that GDP growth is now running at a below-average rate, but I view recent events as a healthy correction, and certainly a much better outcome than several other potential outcomes," Macfarlane said in his first

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