"The significance of economic events often remains opaque at the time, and the process of separating the important from the ephemeral requires a period more like a decade than a week," he wrote.In your typical business cycle, when the pace of commercial activity is unhurried, and life shuffles past at a low interest rate, one year can be hard to distinguish from the next.
By then the Reserve Bank will be ready to hold a future conference on "The Australian Economy in the 2020s".Having said that, there will be important data releases this week. "With the virus under better control, and more parts of the economy reopening, we do believe more people will re-enter the labour force and look for work."On Tuesday, the Bureau of Statistics will release its weekly payroll jobs and wages data for the week ending May 30.
The data will show what happened to property prices over the summer, as the bushfires devastated so many coastal communities.Reserve Bank board minutes to provide clarity about downturn
Australian economy's return to growth