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Here in Australia we do get impacted by global economic events. But we should have some confidence that our economy has got strong underlying fundamentals.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

The global economy is in pretty good shape.

The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.

We should see better and more direct measurements of economic well being.

All over the world, we're seeing access to food, clean water, education and healthcare improve; as a result, global innovation is rising as well.

We do see significant signs of a slowdown, in the economy worldwide.

Globalisation will make our societies more creative and prosperous, but also more vulnerable.

So, there is enormous instability in the global economy with a shift of winners and losers.

We are going through tough economic times but things are looking up, and the indicators are improving not only for large corporations but also for small business.