7 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:
- Our commercial and residential property surveys were released this week. While they were taken well before the full impact of the virus occurred, hotels were already struggling with a downturn in visitors from mid-February to mid-March.
- We expect residential property prices to decline in the order of 10-15% as a result of the crisis, depending on location.
- Next week will release our Monthly Business Survey for April, as well as updated retail data and our latest forecasts.
Listen to the full podcast now.