Information for advice professionals only.
This podcast explores how the economy will slowly recovery, as restrictions begin to lift. It will be slow as restrictions are lifted. Some of the loss in economic output is going to be temporary and some of it will be more long lasting. The biggest hit from COVID-19-related restrictions will be over the June quarter, but we still expect economic activity contracted over the first quarter of the year.
Listen to the podcast below or download the economic outlook commentary - May 25.
You can also access this podcast via Soundcloud.
Disclaimer: This commentary has been prepared by Westpac Financial Services Limited for use by advisers and must not be made available to any client. The commentary provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. Projections given are predicative in character and whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This commentary may also contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material.