Business
Don’t end economic support too early: RBA – Sydney Morning Herald
Reserve Bank deputy governor Guy Debelle has cautioned against the early removal of fiscal support, saying it will take time for the jobs market to recover.
He said one of the most important lessons from the global financial crisis was when to reduce support.
“There was one lesson from the crisis I didn’t talk about two years ago that is relevant to today: be careful of removing the stimulus too early,” he said. “A number of European countries learned this lesson to their cost after the global financial crisis.”
Dr Debelle said there were doubts during the financial crisis about the level of public debt taken on by governments. This time around, with…
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