28 May 2020 Alan Oster Podcast – Coronavirus and the economy
NAB Group Chief Economist Alan Oster unpacks the latest consumption data and the results are encouraging.
In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following:
- Today we release our latest fortnightly consumption data and the results are encouraging: it looks like we have reached the bottom of consumption and are now seeing a slight improvement.
- That said, the challenge remains massive, especially for sectors like hospitality which have been essentially closed down.
- Government income support continues to support households. Without increased support, economic outcomes would have been much worse.
Listen to the full podcast now.