RBA's Stevens on economic and financial conditions

In the speech 'Economic and financial conditions December 2004' given on 14 December Glenn Stevens of the Reserve Bank of Australia said Australia's economic growth is running more slowly than anticipated, despite strong domestic demand.

"It looks like GDP growth over the four quarters to December will be less than three per cent, unless there is a big surprise for the December quarter or upward revision to previous quarters," he said.

"That leaves growth running more slowly than was anticipated

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