RBA's Stevens on economic conditions and prospects

In a speech on 'Economic conditions and prospects: June 2004' given on 2 June, Glenn Stevens of the Reserve Bank of Australia said Australia's economy was still growing comfortably but at a slower rate than the unsustainable pace of late 2003.

"The Australian economy has continued to grow," he told Committee for Economic Development of Australia (CEDA) members in his address on economic conditions and prospects.

"It was unlikely that growth at that pace would persist and according to figures

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