US EditionOrr’s warning; three years of austerity
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Orr’s warning; three years of austerity
Yesterday, the Reserve Bank confirmed there will be no free card for the economy to get out of jail during the current term of the Government. Regardless of what the Budget next week says, we are in for two more years of austerity. Over those two years, we will have to watch the Australian economy recover to normal. Probably not since the Bolger Government of 1990 – 93 has any Government faced such a grim forecast for its entire term. The Luxon …
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