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online payday loan RBA Governor Philip Lowe has delivered an upbeat but measured speech to the National Press Club saying the economy has bounced back quicker than anticipated while highlighting some of the risks going forward.The Reserve Bank of Australia says it is prepared for any further setbacks to the country’s economic recovery from the coronavirus pandemic. Picture: Nikki ShortSource:News Corp AustraliaThe Reserve Bank of Australia says the economy has been more resilient than initially anticipated but ongoing support is needed while inflation remains stagnant and unemployment is high.Speaking to the National Press Club in his annual address, RBA governor Philip Lowe said the recession sparked by the coronavirus pandemic was not as deep as first thought, with stimulus measures and a vaccine rollout boosting confidence.development of vaccines in record time is clearly good news, Dr Lowe said.has reduced one of the big uncertainties and could provide the foundation for a vigorous and sustainable recovery in the global economy. The upbeat outlook, Dr Lowe noted the road out of the global lockdown would be long and bumpy, with the central bank prepared for any setback caused by the highly volatile pandemic.outcome is not assured the global rollout of the vaccines faces challenges, and there are a range of other uncertainties about the global economy, including trade tensions, he said.hope for the best here, but we also need to be prepared for further setbacks in what remains a highly uncertain world.think it saved many people their jobs and helped people in their lives, Dr Lowe said of JobKeeper.can understand why the government wants to stop that program as they said they would and perhaps have a discussion about whether there an opportunity for more focused support in those industries which are still feeling very difficult conditions.online payday loan

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