Weekly economic update - 9 June 2020

Podcast & PDF

Information for advice professionals only.

This podcast explores the major shift in sentiment over the past couple of weeks in financial markets where risk has been significantly reassessed. Market participants view a stronger recovery for the global economy, with restrictions lifting and economies reopening.

Listen to the podcast below or download the economic outlook commentary - June 9.
 

You can also access this podcast via Soundcloud.

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This podcast explores how the contraction in economic activity is expected with the largest contraction likely to occur in the second quarter of the year, when social distancing measures were implemented.
Podcast & PDF
This podcast will cover the latest news from FASEA on the FASEA exam, complaints lodged with the Australian Financial Complaints Authority around COVID-19 matters, and the Government’s announcement to defer the Retirement Income Covenant.
Podcast & PDF
This week’s podcast will cover the recent changes made to the age at which the work test apples for super contributions, information about the FASEA exam and the Government’s new HomeBuilder scheme.
Podcast & PDF

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.