GDP rose by 0.2% q/q (1.0% y/y) marginally weaker than we expected (and in line with consensus).
Article
June 26, 2020
25 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:
- Our latest fortnightly data shows that consumption activity has returned close to the levels of the start of 2020, but clearly March-April-May saw a huge hole in the sector.
- Victoria’s flare up in cases has caused some concern, but it is still too early to see this reflected in our consumption data. Hospitality is a prime candidate for difficult conditions in Victoria with restrictions ongoing.
- US case growth is a major concern – 39,000 daily cases were reported overnight.
Listen to the full podcast now.
