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.

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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.