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.

My guiding principle is that prosperity can be shared. We can create wealth together. The global economy is not a zero-sum game.

Through hard work and education, we can deliver a strong economy and opportunity for all.

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

I want you to know what I have told Australia's Parliament in Canberra - what I told General Petraeus in Kabul - what I told President Obama in the Oval Office this week. Australia will stand firm with our ally the United States.

Our future growth relies on competitiveness and innovation, skills and productivity... and these in turn rely on the education of our people.