RBA declares the economy has reached a 'turning point'

By Eryk Bagshaw
Updated September 22 2017 - 1:33pm, first published 1:24pm
SYDNEY, AUSTRALIA - July 22, 2017:  SYDNEY, AUSTRALIA - SMH /AFR NEWS / FEATURES: 220717: Advertising/signage for ANZ Bank in Sydney's CBD. Tourism GDP  Industries economy business Australia Tourists Balance of Payments exchange rates money finance monetary policy fiscal policy NSW China Asia Dollar Yuan (Photo by James Alcock/Fairfax Media). generic
SYDNEY, AUSTRALIA - July 22, 2017: SYDNEY, AUSTRALIA - SMH /AFR NEWS / FEATURES: 220717: Advertising/signage for ANZ Bank in Sydney's CBD. Tourism GDP Industries economy business Australia Tourists Balance of Payments exchange rates money finance monetary policy fiscal policy NSW China Asia Dollar Yuan (Photo by James Alcock/Fairfax Media). generic

The global economy has reached a turning point, the Reserve Bank says, on the same day as the OECD has lifted its forecast for global growth thanks to a co-ordinated economic recovery.