RBA confident economy will stay strong

RESERVE Bank deputy governor Philip Lowe says he is confident the Aust economy will remain strong and adapt to a changing world.

RBA deputy governor Philip Lowe has given an upbeat assessment of the Australian economy.

A SENIOR Reserve Bank official has given an upbeat assessment of the Australian economy, confident that it is strong enough to resist a significant downturn.

RESERVE Bank of Australia deputy governor Philip Lowe said while no one can be sure about what the future holds, the economy is flexible to adapt to the changing world.