THE RESERVE BANK'S LATEST KEY ECONOMIC FORECASTS:
GDP
Dec 2020 - -1.1 per cent (previous -2.0 per cent)
June 2021 - 9.25 per cent (7.35 per cent)
Dec 2021 - 4.75 per cent (3.5 per cent)
June 2022 - 4.0 per cent (3.25 per cent)
Dec 2022 - 3.5 per cent (3.5 per cent)
June 2023 - 3.0 per cent (3.0 per cent)
Unemployment
Dec 2020 - 6.8 per cent (previous 6.8 per cent)
June 2021 - 5.25 per cent (6.5 per cent)
Dec 2021 - 5.0 per cent (6.0 per cent)
June 2022 - 4.75 per cent (5.5 per cent)
Dec 2022 - 4.5 per cent (5.5 per cent)
June 2023 - 4.5 per cent (5.25 per cent)
Inflation
Dec 2020 - 0.9 per cent (previous 0.9 per cent)
June 2021 - 3.25 per cent (3.0 per cent)
Dec 2021 - 1.75 per cent (1.5 per cent)
June 2022 - 1.25 per cent (1.5 per cent)
Dec 2022 - 1.5 per cent (1.5 per cent)
June 2023 - 2.0 per cent (1.75 per cent)
Underlying Inflation
Dec 2020 - 1.2 per cent (previous 1.2 per cent)
June 2021 - 1.5 per cent (1.25 per cent)
Dec 2021 - 1.5 per cent (1.25 per cent)
June 2022 - 1.5 per cent (1.5 per cent)
Dec 2022 - 1.75 per cent (1.5 per cent)
June 2023 - 2.0 per cent (1.75 per cent)
(Source - RBA quarterly statement on monetary policy)
Australian Associated Press
