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RBA confident in Australia's recovery
Lateline Business - 21/07/2009: RBA confident in Australias recovery
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There's a growing consensus that the worst of the global downturn is behind us and that Australia can avoid a recession. Minutes from this month's Reserve Bank meeting indicate that the board is now comfortable with the way the economy is tracking. While it reserves the right to cut rates further, leading economists say that won't be necessary. Many also believe that Treasury forecasts for an unemployment rate above 8 per cent will prove too pessimistic.
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Sim'
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