June 18, 2020

18 June 2020 Alan Oster Podcast – Coronavirus and the economy

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

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

  • The latest ABS labour force figures were released this morning and they were not good. 228,000 people lost their jobs in May and the unemployment rate rose to 7.2%.
  • While this week has seen higher virus numbers in Victoria, Australia has outperformed on the health front and as a result will likely see better economic circumstances than the US or Europe. The government has confirmed that overseas travel will remain restricted until next year.
  • The ABS will release preliminary retail figures tomorrow, these are worth watching.

Listen to the full podcast now.