The Australian economy looks to have grown strongly over the first half of 2018. GDP increased by 1 per cent in the March quarter and a reasonable increase is expected in the June quarter. Business conditions are positive and we are in the midst of an upswing in non-mining business investment. Increased spending on infrastructure is also helping.
In introductory remarks on the video, it is stressed that senior bank officials should be directly involved in managing the Year 2000 project to ensure that it is given the appropriate level of attention and sufficient resources to address the issue on a timely basis. The video can be ordered through the Board’s Web site: http:\\www.bog.frb.fed.us/y2k. BIS Review 37/1998  ˝