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When will Australian real wages recover?

May 9, 2025 - 10:30 -- Admin

The Reserve Bank of Australia’s (RBA) Statement of Monetary Policy (SoMP) forecast that by Q2 2027, Australian real wages would be 5.9% below the Q2 2020 peak, tracking around the same level as December 2011. Extrapolating the RBA’s forecast suggests that Australian real wages may not recover to the Q2 2020 peak until around 2040.

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