20 April 2020 Alan Oster Podcast – Coronavirus and the economy

NAB Group Chief Economist Alan Oster talks about China’s latest GDP, and the medium to long term impacts of the Coronavirus. Listen now.

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

  • China’s latest GDP was released on Friday and showed a sharp contraction in Q1
  • Australia is likely to experience a sharp slowdown in Q2, although we are doing better than some other OECD economies and our virus growth rate is now very low. The latter point is very encouraging.
  • Medium to long term there will be major shifts as a result of the virus. One of these is likely to be a re-onshoring of domestic medical supplies manufacturing.

Listen to the full podcast now.