27 July 2020 Alan Oster Podcast – Coronavirus and the economy

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

By

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

  • The ABS will release its latest CPI figures this week and a low number is essentially baked in due to the Commonwealth government’s free childcare policy during the quarter. With this policy now finished, there will be a commensurate upside next quarter. But the bottom line is that with unemployment so high, demand will struggle and so we expect low inflation to continue.
  • We have already seen some slowing in activity even outside the virus hotspot of Victoria. Melbourne is now essentially half way through its initial 6 week restriction period but with cases still growing there is a substantial risk this will be extended.

Listen to the full podcast now. If listening on a mobile device, click listen in browser.

 

For support, please visit the NAB COVID-19 Business Support hub.