RBA Minutes: Very material contraction in economic activity across Q1, Q2 and potentially longer

<p>In the minutes of March 18 meeting, RBA said that Australia would likely experience a “very material contraction in economic activity, which would spread across the March and June quarters and potentially longer.”. The size of contraction would depend on the “extent of the social distancing requirements, and potential lockdowns” for containing the coronavirus. Also, […]</p>
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