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Spectre of recession invoked by RBA
HE Reserve Bank governor has conceded that a recession is possible, while warning that Australia's unemployment rate is set to increase to well above 5%, adding an extra 100,000 people to the unemployment queue. In his first appearance before Federal Parliament's economics committee since cutting...
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Tags: Glenn Stevens, reserve banks, governor glenn, economic committee, Reserve Bank, banks governor, RBA, Melbourne, Australian, stevens told
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