Ric Battellino, a deputy governor at the Reserve Bank of Australia, on Tuesday said emerging market economies had greater scope than advanced countries to provide additional stimulus in the event of a slowdown in global growth.

At the 3rd Annual Australian & New Zealand Investment Conference in Sydney, Australia, Battellino said: "Australia, as with most of Asia, has to date been relatively shielded from the events in the North Atlantic countries. Nonetheless, the local economy has not been as