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Reserve Bank indicates recession is over –

Reserve Bank indicates recession is over



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The Reserve Bank of Australia says its best guess is Australias economy will grow in the September quarter, ending the recession.At senate estimates on Tuesday, RBA deputy governor Guy Debelle said Victoria’s 12-week lockdown would not hinder the nation’s recovery from its first economic recession in over three decades.
“Our best guess is it looks like the September quarter for the country recorded positive growth rather than slightly negative,” Dr Debelle said.
“As best as we can tell, the growth…

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