Vital Signs: Amid talk of recessions, our progress on wages and unemployment is almost non-existent
- Written by Richard Holden, Professor of Economics, UNSW
The ASX 200 slid 2.9% on Thursday amid less than completely encouraging news at home, and awful news from abroad.
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Legend has it that, when asked by US President Richard Nixon in 1972 what he thought about the impact of the French Revolution, Chinese Premier Zhou En Lai replied: “it’s too early to say”.
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