Economic growth depends on keeping the coronavirus situation under controlsaid the Governor of the Reserve Bank of Australia (RBA), Phillip Lowe, in a webinar organized by the Economic Development Committee of Australia.
Additional comments:
A lower growth of people will lead to slower GDP growth nominal.
There are a lot of stimulation in the system and in the real estate market.
A high savings rate means that people have means to spend.
It’s incredibly inflation unlikely to become a problem in the medium term.
Potential home prices could rise a lot, but this is unlikely due to slower population growth.
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