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.

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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.