RBA's Edey has high hopes for Australia's economy

There are reasons to expect the Australian economy to continue perform better than its international counterparts, said Malcolm Edey, an assistant governor of the Reserve Bank of Australia.

Edey said that Australia had more momentum in the period prior to the crisis than most similar economies and that substantial monetary and fiscal measures had been taken to support growth. He also said that the domestic financial system remained in a much better condition than those of other countries.

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