Growth weak as consumers remain on sidelines.
Report
May 25, 2020
25 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.
In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following:
- Thanks to an administrative error, the JobKeeper program is now expected to cost $60b less than originally forecast.
- We still see government support being crucial to the Australian economy this year and into next.
- Australia continues to outperform on virus management and will likely see a less sharp downturn than Europe or the US.
Listen to the full podcast now.
