RBA Stevens optimistic on economic growth

AUSTRALIA - Reserve Bank of Australia assistant governor Glenn Stevens said on Apr 5, 2001 there is genuine uncertainty about Australia's short-term economic outlook, but he expected a return to normal rates of growth, possibly by mid-2001.

Stevens told a conference in Sydney the broad macro fundamentals of the Australian economy were strong with corporate balance sheets in pretty good shape and the Australian dollar undervalued.

"A fairly early return to more normal rates of growth in GDP - in

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