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Fri Aug 16

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. Shutterstock

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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