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Pandemic has created ‘a new normal’ for Australia’s economy, says former RBA board member – Sydney Morning Herald

It will probably be a couple of years before it’s clear how much the pandemic has changed for the Australian economy, says former Reserve Bank board member Heather…

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Australia will likely find COVID-19 has a lingering effect on the economy and the sheer scale of stimulus means it will probably be a couple of years before its clear how much has changed, former Reserve Bank board member Heather Ridout said.
People are operating differently, companies are having to operate differently and its going to take a long time before supply chains get back to what they were before, Ridout said in an interview with Bloomberg. There will be a new normal and I think worrying…

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