RBA’s Lowe on links with China
The correlation between quarterly movements in Australian and Chinese GDP have been increasing since 2005, Philip Lowe, the assistant governor responsible for economics at the Reserve bBank of Australia, said on Thursday at the Annual NatStats Conference 2010.
Although a strong correlation had been observed between the United States and Australian GDP over the previous decade, Lowe noted that since 2005 "what happens in the Australian economy is more dependent upon what happens in China than has
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