I'm going to have to get accustomed to writing 'former' Reserve Bank of Australia Governor Stevens
This from the Australian press today, Shane Wright in the West Australian:
Glenn Stevens writing in the RBA's annual report
- Said the "long shadow" of the GFC were one factor but noted even countries that had avoided a banking crisis, such as the US, or Europe were also finding strong growth "elusive"
- "If, as some argue, other, longer-term factors are also at work - such as less favourable demographics, slower productivity growth and reduced entrepreneurial dynamism - these are influences that monetary policy cannot overcome"
