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RBA: "The global economy has experienced a severe downturn as countries seek to
contain the coronavirus. Many people have lost their jobs and there has been a
sharp rise in unemployment. Leading indicators have generally picked up
recently, suggesting the worst of the global economic contraction has now
passed. Despite this, the outlook remains uncertain and the recovery is expected
to be bumpy and will depend upon containment of the coronavirus. Over the past
month, infection rates have declined in many countries, but they are still very
high and rising in others."