RBA Outlines Gloomier Outlook for Economy

RBA Outlines Gloomier Outlook for Economy
People walk past a fruit stall in Sydney's central business district on November 29, 2016. WILLIAM WEST/AFP via Getty Images
AAP
By AAP
Updated:

The central bank expects the jobless rate to tick higher than previously thought as inflation remains stubbornly high and dampens economic growth.

The Reserve Bank of Australia now expects the unemployment rate to hit 4.25 per cent by the end of 2024, up from the four per cent forecast in August.

Related Topics