Australian jobs boon at risk as RBA warns businesses against turning glum
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SYDNEY (Reuters) - As the Sino-U.S. trade war raise fears of a global recession, businesses run the risk of being caught in a self-fulfilling vicious cycle, a top Australian central banker warned on Thursday, threatening the country's sturdy jobs market.Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said the trade war was a "major risk" for the country's A$1.9 trillion ($1.3 trillion) economy though it has not had a damaging effect so far. Supporting that view, data out on Thursday..