RBA forecasts two lost years of economic growth | Finance Report

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At its monthly board meeting, the Reserve Bank unsurprisingly elected to keep interest rates on hold, expecting economic activity (as measured by GDP) to fall around 10 per cent over the first half of 2020, and finish the year as a whole 6 per cent lower after a slight bounce back over the second half.

Read more here: https://www.abc.net.au/news/2020-05-05/almost-one-million-australians-lose-jobs-due-to-coronavirus/12215494?section=business

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