An expected recovery in residential construction, historic low interest rates and big infrastructure spending could support the economic fall-out from the impact of the Coronavirus outbreak, the Reserve Bank has said.
“The effect of the virus will come to an end at some point,” RBA deputy governor Guy Debelle said while addressing the Australian Financial Review Business Summit on Wednesday.
“Once we get beyond the effect of the virus, Australia’s economy would be supported by the low level of interest rates, the pick-up in mining investment, infrastructure spending and an anticipated recovery in residential construction.”
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