Business
RBA governor Philip Lowe says economic shock caused by COVID-19 not as bad as first thought – NEWS.com.au
RBA governor Philip Lowe says economic shock caused by COVID-19 not as bad as first thought
The Reserve Bank of Australia says the economy has been more resilient than initially anticipated but ongoing support is needed while inflation remains stagnant and unemployment is high.Speaking to the National Press Club in his annual address, RBA governor Philip Lowe said the recession sparked by the coronavirus pandemic was not as deep as first thought, with stimulus measures and a vaccine rollout boosting confidence.
“The development of vaccines in record time is clearly good news,” Dr Lowe…
-
Noosa News9 hours agoExperts share tiny home warning as interest from young people soars
-
Noosa News15 hours agoKarenia cristata species source of toxins in SA’s algal bloom, scientists believe
-
General23 hours agoASIC shone a light on private lending and did not like what it saw
-
General22 hours agoSir David Beckham receives knighthood from King Charles at Windsor, with wife to be known as Lady Victoria