April 2, 2020

2 April 2020 Alan Oster Podcast – Coronavirus and the economy

NAB Group Chief Economist Alan Oster talks about the JobKeeper package and unemployment forecasts. Listen now.

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

  • The Government’s new JobKeeper package is very welcome and the fiscal response is the difference between a depression and a recession.
  • We still expect unemployment in Australia to reach double digits this year, which put into context is comparable to the worst of the early 1990s recession.
  • There are some encouraging signs around slower case growth in Australia, but it is likely that the shutdown will continue for months.

Listen to the full podcast now.