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‘Path ahead is expected to be bumpy’: RBA governor warns unemployment to rise – Sydney Morning Herald
Reserve Bank governor Philip Lowe has warned the unemployment rate will climb further this year as the coronavirus pandemic continues.
Reserve Bank governor Philip Lowe has warned the unemployment rate will climb further this year as the coronavirus pandemic continues amid government cuts to the amount available under its $86 billion wage subsidy program.
Incomes were also expected to remain lower until there were scientific breakthroughs or improvements managing the virus, Dr Lowe said in an annual address to The Anika Foundation at lunch on Tuesday.
RBA governor Philip Lowe: “The path ahead is expected to be bumpy and there…
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