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If the RBA forecasts continue, real wages won’t recover to 2021 levels until 2044 (thepoint.com.au)
submitted 2 days ago by to c/australia@aussie.zone
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Last week, when the Reserve Bank announced it had raised the cash rate to 4.85%, it also released its latest forecasts for the economy in its Statement on Monetary Policy. For those hoping for a recovery in lost living standards, the news was very grim.

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[–] 6 points 1 day ago (2 children)

extrapolating that far from a graph is pretty unsound.

Realistically the RBA has no idea when but probably never is realistic given that we are entering the exciting part of climate change.

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