May 4, 2020

4 May 2020 Alan Oster Podcast – Coronavirus and the economy

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

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.