April 28, 2020
28 April 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 key points:
- ABS data this week showed a sharp reduction in payrolls but a record jump in retail sales in March as consumers stocked up on food and drink.
- There is a small chance that Q1 GDP will be positive, although this is not our central case. Overall we are in the midst of a sharp recession.
- Australia’s fight against the virus continues to show success, with very low case growth. We still expect it will be some time before the economy is re-opened.
Listen to the full podcast now.