RBA's Edey on the international economy

In a speech on 'The International Economy' given on 27 February Malcolm Edey of the Reserve Bank of Australia said the world economy does seem to be recovering after three years of underperformance in the early part of this decade but the outlook is never risk free.

"In the last nine months of so, the main economic news around the world has been pointing to a firmer recovery," he said.

Dr Edey said the euro area is still lagging behind, but we have seen a solid pick up in growth in the US, Japan

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