Australia less likely to catch US cold: RBA’s Battellino
Ric Battellino, a deputy governor at the Reserve Bank of Australia, on Wednesday said the divergence between cyclical positions in the US and Australia indicated that Australia was less vulnerable to severe US symptoms.
At the Euromoney Forum in New York, Battellino said: "Through the 1980s and into the 1990s, developments in the Australian economy showed a close correlation with those in the US economy. It was particularly striking that the recessions of the early 1970s, early 1980s and early
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