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Men's Weekly

The Reserve Bank thinks the recovery will look V-shaped. There are reasons to doubt it

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
The Reserve Bank thinks the recovery will look V-shaped. There are reasons to doubt itShutterstock/RBA

The Reserve Bank’s long-awaited two-year forecasts for jobs, wages and growth are frightening, but I fear they are not frightening enough.

The bank looks two years ahead every three months. The last set of forecasts, released at the start of February, mentioned coronavirus mainly as a source of “uncertainty”.

That&rs...

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