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UBS: Australian recovery “faltering”

September 29, 2020 - 00:10 -- Admin

That is, before the fiscal cliff: Australian economic recovery is faltering, and more policy stimulus is likely The Australian economy initially significantly outperformed global trends, with Q2 GDP down ‘only’ 7% q/q, and a strong rebound in early Q3 data, seeing the unemployment rate surprisingly drop back to 6.8%. However, recently there are signs the

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