Price growth edges lower despite reasonable economy
Insight
April 20, 2020
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.
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.
