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RBA's 'excess demand' claim clashes with household reality
Original: The RBA says there is ‘excess demand’ in the economy. Households doing it tough might disagree | Greg Jericho https://ww
The Reserve Bank of Australia says there is 'excess demand' in the economy, a claim economist Greg Jericho contests in a Guardian column. He argues households facing high living costs would find it hard to recognise excess demand, highlighting the gap between the central bank's assessment and the financial pressure many Australians say they are experiencing.
Why now: The RBA's characterisation of the economy contradicts the lived experience of households struggling with cost-of-living pressures, prompting debate.
Reserve Bank of AustraliaGreg JerichoThe GuardianAustralia
Evidence
- The RBA says there is ‘excess demand’ in the economy. Households doing it tough might disagree | Greg Jericho https://www. theguardian.com/business/grogo nomics/2026/nov/04/the-rba-says-there-is-excess-demand-in-the-economy-households-doing-it-tough-might-disagree #… · theguardian_us_opinion@halo.nu
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