13 August 2020 Alan Oster Podcast – Coronavirus and the economy

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

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  • ABS labour force data out today shows an increase in unemployment to 7.5% but employment beating expectations. Fundamentally the stage 4 restrictions in Melbourne will hit labour force data hard in August but the overall picture in July probably wasn’t as bad as expected.
  • Victoria’s virus cases are trending down – a welcome relief. New South Wales seems to be holding the line with excellent contact tracing. Meanwhile, NZ has reported its first cases after a long run being virus free – a real worry.

Listen to the full podcast now. If listening on a mobile device, click listen in browser.