Part 1 (early impact of the Covid pandemic) Refer to the early part of the RBA's August 2020 SMP (up to and including the section headed 'The economic recovery is expected to be protracted and uneven'). Using this source, give a summary of the RBA's views at that time on: 1. How the pandemic was affecting global growth up to that point 2. The effect on labour markets 3. How Covid had affected the outlook for future growth of the world economy and Australia's trading partners