Our paths first crossed in the late 1960s - although neither of us has much recollection of it - when Di was a lecturer and I was a tutor in the Economics Faculty at Monash University. Since then, of course, Professor Yerbury has gone on to an illustrious career in academia, government and university administration.
The world economy I will speak tonight about recent developments in the world economy and their implications for Australia. It is about 18 months since I spoke about the world economy, and a number of things have changed in that time, mainly for the better.