By business reporter Michael Janda The Reserve Bank's governor Glenn Stevens says businesses need to focus less on risk reduction and more on growth. Speaking to an audience of economists at a lunch, Mr Stevens says a culture of risk aversion has gripped the business community since the financial crisis. The RBA's governor has urged the need for greater business and infrastructure investment in order to lift western economies out of their low growth rates. Mr Stevens says governments, and the G20, will need to play a key role, as central banks can provide cheap money but cannot ensure that it is put to productive uses. More » |
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