Australian Economy Has Turned a Corner, a Recovery on the Way: RBA Boss

Governor of the Reserve Bank of Australia, Philip Lowe, makes a speech on March 19, 2020 in Sydney, Australia. Brendon Thorne/Getty Images

Reserve Bank of Australia governor Philip Lowe believes the economy has turned a corner and a recovery is on the way.

Addressing federal politicians in Canberra, Lowe said he expected solid economic growth over the September and December quarters.