"In the second last line of the RBA’s exhaustive forecasts out to December 2027 was their projection for real wage growth in year-on-year terms at 6-month intervals.According to an analysis from Greg Jericho, the policy director at the Centre for Future Work, what they have projected is effectively two separate recessions for real wages in technical terms.One starting in the March quarter of 2026 and lasting for three quarters, and another starting in the March quarter of 2027 and lasting for three quarters."
