RBA’s Lowe: Economy Is Recovering, But Will Be 'Bumpy'

The video discusses the economic recovery post-COVID, highlighting improvements in employment and consumer confidence. Despite positive GDP growth projections, the recovery is uneven, with some sectors struggling. The labor market remains affected, with high unemployment and underemployment rates.

What is one of the positive signs of economic recovery mentioned in the first section?

• Drop in housing market resilience

• Increase in unemployment rate

• Decrease in retail spending

• Rise in consumer confidence

According to the second section, what is the expected GDP growth for the next year?

• 3%

• 5%

• 7%

• 10%

What challenge is highlighted in the second section regarding the economic recovery?

• Recovery will be uneven and prolonged

• All sectors are recovering equally

• GDP growth will be negative

• Recovery will be quick and smooth

When is the economy expected to return to pre-pandemic output levels, according to the final section?

• End of 2021

• Mid 2021

• Start of 2022

• End of 2020

What is a significant issue in the labor market as discussed in the final section?

• High levels of employment

• Low levels of underemployment

• Many people working reduced hours

• Increase in full-time jobs