Business
RBA governor outlines his reasons to be cheerful on economy’s bounce-back – Sydney Morning Herald
All Reserve governors see it as their duty to err on the optimistic side, and Lowe is no slouch in that department.
Because of these collective efforts, Australia is in a much better place than most other countries. This is true for both the economy and the health situation, he says.
The downturn in the economy was not as deep as the authorities had feared and the recovery has started earlier and has been stronger than expected. Employment growth has been strong, as have retail sales and new house building. Across many indicators, including gross domestic product, the outcomes have been better than our central…
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