Australia is doing better than its peers in managing the pandemic-affected economy and this may increase the pressure on RBA to reconsider its monetary stance.
The Reserve Bank may have to reconsider its decision to keep interest rates flat.
One could question whether Australia is leading the pack in recovering from the “corona-recession”.
Of the now 83 countries that have reported GDP figures for the final quarter of last year, there are 11 in which fourth-quarter real GDP was higher than the pre-pandemic level, and Australia was not one of them.
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Original URL: https://www.afr.com/policy/economy/rebound-in-growth-could-force-rba-s-hand-on-rates-20210406-p57grn
