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The Conversation descends to Codswallop on Immigration and Wages macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
MIL-Evening Report: Top economists say cutting immigration is no way to boost wages foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Top economists say cutting immigration is no way to boost wages singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.
RBA keeps interest rates on hold at historically low 0.1 per cent in May Australia s interest rates will remain at the historic-low level of 0.1 per cent as the nation s central bank reserves its hand to lift rates in the wake of record house price growth. The Reserve Bank of Australia (RBA) met today, choosing to maintain the current cash rate despite record new levels of home loan commitments and exploding property prices. RBA Governor Philip Lowe indicated late last year that the central bank had forecast to keep rates at 1.0 per cent for a target of three years, instead preferring other economic measures to boost spending. ....
A little ray of sunshine as 2021 economic survey points to brighter times ahead Wes Mountain/The Conversation, CC BY-ND Suddenly, economic forecasters are optimistic. Six months ago the forecasting team assembled by The Conversation was expecting Australia’s recession to continue into 2021, sending the economy backwards a further 4.6% throughout the year. This morning, in the survey prepared ahead of the Reserve Bank board’s first meeting for the year and an address by the Reserve Bank governor to the National Press Club on Wednesday, the same forecasting team is upbeat. It expects the recovery that began in the September quarter of last year to continue, propelling the economy forward by a larger than normal 3.2% throughout 2021, with growth slowing to more sedate 2.1% per year by the middle of the decade, still well above than dismal 1.7% per year expected six months ago. ....