Healthy banks will restore global economy

By Jessica Stanic · 15 April 2009 · Locked

A Global Economic Recovery on the Horizon?

The Reserve Bank of Australia's head of financial stability department has a bold prediction for the global economy. But will it be a return to prosperity or another stormy season?

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Summary

The Reserve Bank of Australia’s head of financial stability deparment, Luci Ellis believes that the global economy will only recover once the credit supply and the world banking systems are “restored from their sick beds.” In an speech at the Victoria University of Technology conference ‘Australia in the global storm: A conference on the implications […]