Glenn Stevens: Australia’s economy against the background of recent international developments Opening statement by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Sydney, 7 March 2014. *  *  *  Madam Chair Members of the Committee Thank you for the opportunity to meet with you today.
In the UK, the economy has so far proved relatively resilient against Brexit risks, but this is unlikely to be the case going forward; indeed growth is projected to slow from 2,0 per cent in 2016 to 1,4 per cent in 2018. The UK growth forecast for 2017 was revised up by 0,4 per cent in the latest WEO Update, to 1,5 per cent.