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

• The latest GDP data from the US and Europe late last week was grim, with both sides of the Atlantic reporting sharp GDP falls in Q1
• Australia is likely to see a less sharp contraction, although we still expect unemployment over 10%. Our updated forecasts will be released next week.
• Victoria reported 22 new cases this morning – the highest number in weeks. This underlines the challenge of containing the virus, although we continue to perform well overall.

Listen to the full podcast now.