General
Reserve Bank relying on big spending Aussies to turbocharge post-COVID economic recovery
Australia looks set to experience an economic ‘lost year’ due to the pandemic, according to the Reserve Bank.
Key points:
- The Reserve Bank is expecting unemployment to fall to 4.5 per cent by mid-2023
- But the jobless rate could drop to 3.75 per cent if households spend a bigger part of their income
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