Uncertainty isn't causing slow economic growth, for now
- Written by Efrem Castelnuovo, Principal Research Fellow, Melbourne Institute of Applied Economic and Social Research - Associate Professor, Faculty of Economics and Business, University of Melbourne
Uncertainty is widely recognised as a potential drag on economic growth. Workers who become more uncertain about their future wages reduce spending, for example, and business owners uncertain about future government policy hold back on investing. However, new research from the Reserve Bank of Australia (RBA) shows that uncertainty isn’t...
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