Fiscal policy crucial for Australia

A man walks before the Reserve Bank of Australia in Sydney. The bank has said that fiscal reform is needed. — AFP

SYDNEY: Australia’s government plays a more important role in supporting the economic recovery rather than the central bank, according to economists.

Appearing on Bloomberg’s “Inside Track” webinar series, Besa Deda, chief economist at St George Bank, said there was now a shift in the policy discussion toward asking what more the government could do to support economic activity.