Australia is likely to see an extended period of higher unemployment due to the pandemic, Reserve Bank of Australia Governor Philip Lowe said Monday.
Addressing higher unemployment is an important national priority, he observed.
Easing of Covid-19 restrictions and good news on a vaccine could help the economy to rebound, he said. There is considerable uncertainty about the outlook.
Lowe said over the past decade or so, there have been signs that the economy was becoming less dynamic.
If businesses are to seize the opportunities that are out there to grow and to increase Australia’s productive capital base, some degree of risk-taking is necessary, Lowe said.
Further, he observed that there has been a sharp decline in population growth due to the pandemic. “If population growth is to be noticeably slower in a post-COVID world, the trajectory for our economy will look different too.”
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.