Westpac’s chief economist says the recovery process for Australia’s economy is slowly but surely headed in the right direction.

Governor Philip Lowe has said the Reserve Bank of Australia will consider interest rate cuts next month if there is “no further improvement in the labour market”.

Westpac Chief Economist Bill Evans tells Ross Greenwood the economy will approve with time.

“I think inflation is going to remain low.

“I would expect that things will be looking a bit better next year but the recovery process is gonna be very slow.”

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