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.

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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.