Youth unemployment. Photo: Getty Images The Reserve Bank of Australia lifted its economic growth and inflation expectations but left jobs growth forecast pretty much intact, pointing to an emerging challenge for the the nation: jobless growth.
The central bank in its quarterly statement on monetary policy (SoMP) forecasts gross domestic product to rise between 2.75% to 3.75% in 2018, up from 2.5% to 3.5% previously and the underlying inflation to be around 2% in early 2018. It, however, continues to see the unemployment rate to continue to tread at 5%-6%.
Australia’s unemployment rate held at a one-year high of 5.9% in […]
Full Post at www.businessinsider.com.au