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.

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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.