RBA’s Battellino: US households worst off from recession
Ric Battellino, the deputy governor of the Reserve Bank of Australia, on Thursday said households had been hit hardest by the recession in the US, with banks emerging relatively unscathed.
"Consumer confidence remains low, the housing and labour markets remain weak, and the repair of household balance sheets still has quite a way to run," Battellino said.
Battellino said one of the features of the US economy that has changed over the past 50 years or so was that households were now bearing more
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