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Lower growth, lower wages and lower prices equals poor outlook for Australia

Lower growth, lower wages and lower prices equals poor outlook for Australia

The Guardian - Greg Jericho

The quarterly Statement on Monetary Policy (SMoP) released by the Reserve Bank last Friday gave more explanation of why it decided to cut the cash rate to 2.25%, and also examined the falling iron ore and oil prices. In doing so it noted that while the impact on economic growth of such falls was …

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