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Recovery sooner rather than later: RBA

The Reserve Bank has signaled an economic recovery may come sooner rather than later, as it moved to increase its growth forecasts.

The central bank now expects Australia’s economy to expand 0.5 percent this year, off the back of increasing consumer and business confidence, and better than expected March quarter GIDDAP figures.

The bank is currently expecting a slow but steady recovery, citing “the recent stronger-than-expected economic data and the general improvement in sentiment both in Australia and abroad.”

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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