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Coronavirus Australia: RBA says economy will be even worse than expected – NEWS.com.au
Coronavirus Australia: RBA says economy will be even worse than expected
Sorry Australia, the economic outlook is worse than we thought. And it could get even worse. That was the message from the RBA yesterday as it issued a bunch of forecast downgrades and released a new COVID downside scenario that shows Australia a truly terrifying possible future.The economic effect of the coronavirus is turning into less of a short sharp slap in Australia’s face and more of a chronic injury.
The official forecasts didn’t always predict this. Back in May, the RBA put out three s…
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