6 July 2020 Alan Oster Podcast – Coronavirus and the economy

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

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

  • The virus situation in Victoria continues to cause concern, with some areas now locked down and reports that the VIC-NSW border will close tomorrow. It is probably too early to say what economic impact this will have. Retail spending in Australia is now essentially back to pre-crisis levels.
  • Virus news from the US and Brazil continues to be grim. It is likely that planned US reopenings will now be delayed and possibly reversed.
  • Next week we will release our Monthly Business Survey for June, as well as updated economic forecasts and retail trade data.

Listen to the full podcast now.