Wednesday, October 28, 2020

Inflation bounces back as consumers spend. But but debate on whether recession technically over after RBA's Guy Debelle tips positive Sept quarter GDP

Some positive economic news with confirmation that consumer inflation has bounced back into positive territory after going negative during the pandemic. 

The update comes amid optimism from Reserve Bank deputy governor Guy Debelle who says the techical recession might soon be over with a positive outcome expected in the September quarter. 

Coles chief executive Steven Cain tells ABC's Peter Ryan he expects government support to continue if required if the economic crisis deepens.



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