Posts tagged "Australia’s economy"

The review will be the second such assessment since the agency was directed to do the reviews every five years.

Reserve Bank governor Philip Lowe has painted an optimistic picture of where the Australian economy is heading after a turbulent 2021.

Australia’s economy was performing exceptionally well in the lead-up to the Delta variant lockdowns, propped up by a barrage of government spending in the three months to June and impressive household spending.

The RBA has hinted that July will see the start of a normalisation of monetary policy. But there'll still be no interest rate rises for years.

The unemployment rate is now expected to remain near 6.6% throughout 2021, instead of soaring to almost 10% as economic forecasters expected six months ago.

Innovation in health, energy, agribusiness, mineral resources, manufacturing and digital will be vital to Australia’s economic economy.