Glenn Stevens: The economic situation Address by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to CEDA Annual Dinner, Melbourne, 19 November 2008. *  *  *  Thank you for the invitation to renew my association with CEDA, which goes back many years.
CEDA has, for half a century, sought to promote informed discussion and balanced development of the Australian economy. That long-run perspective is never more important than at times like the present, when a cyclical event is under way and confidence tends, understandably, to wane. The global economy is at an important juncture.