The article is in the Australian press and there really isn't too much to it, but the headline might raise a few eyebrows

Avoiding recession is 'main game' for Reserve Bank, says Luci Ellis

(may be gated)

  • Ms Ellis declined to comment on the possibility that Australia's economy might shrink for a second-straight quarter
  • The RBA has played down talk of a recession
  • The central bank is concerned that the rosy picture depicted by recent labour data masks the underlying vulnerability that much new employment is in the form of less secure part-time jobs - something that could be brutally exposed if the economy runs into trouble
  • Ms Ellis said the central bank is keeping the employment situation under close scrutiny.


Ellis is the new RBA assistant governor (economic)