14 May 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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In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following:

    • Job losses didn’t reach the headline figure because of a sharply lower participation rate.
    • The latest unemployment figures were released this morning and while the headline unemployment rate only rose to 6.2%, almost 600,000 jobs were lost in April.
    • Travel restrictions are likely to pose a big issue for tourism and international education this year. Australian universities have become rather dependent on international students and this poses a major challenge.

Listen to the full podcast now.