Business
No snapback: Reserve Bank no longer confident of quick bounce out of recession – The New Daily
The good news in the Reserve Bank’s latest quarterly set of forecasts is that the recession won’t be as steep as it thought last time.
The good news in the Reserve Banks latest quarterly set of forecasts is that the recession wont be as steep as it thought last time.
The bad news is it now expects ultra-weak economic growth to drag on and on, pushing out the recovery and meaning Australia wont return to the path it was on for years, if not the end of the decade.
Its so-called baseline scenario, which is for the worst recession in 70 years, relies on a number of things going right: “The heightened restrictions in Victoria are …
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