"In the baseline scenario considered by the.....>

RBA: "In the baseline scenario considered by the Board, the unemployment rate

peaks at around 10 per cent over coming months and is still above 7 per cent at

the end of next year. A lower unemployment rate than this is possible if the

reduction in labour demand is accompanied by a larger reduction in average hours

worked, rather than by people losing their jobs. The Board also considered other

scenarios. A stronger economic recovery is possible if there is further

substantial progress in containing the coronavirus in the near term and there is

a faster return to normal economic activity. On the other hand, if the lifting

of restrictions is delayed or the restrictions need to be reimposed or household

and business confidence remains low, the outcomes would be even more challenging

than those in the baseline scenario. These scenarios will be discussed in the

Statement on Monetary Policy, to be released later this week." Nothing to shcok

there, given Lowe's recent rhetoric.