‘We expect it to be difficult for a little while longer’
And then the final question:
Q: The RBA is forecasting the economy to grow in line with population growth in the next two years at about 1.6% so no real per capita growth in the economy. The figures show today two consecutive months of a fall in total employment. The ABS’s retail figures showed a fall in the amount of spending and consumption over the last three month. The HIA figures today point to a real downturn in housing. Are…