CommBank Global Economic & Markets Update podcast

The coronavirus recession versus a typical recession

April 27, 2020

In this podcast Belinda Allen, Senior Economist and Joseph Capurso, Head of International Economics discuss how the expected coronavirus recession will differ to your typical recession experienced both in Australia and globally. We discuss how economic activity, unemployment and inflation is expected to perform versus a normal recession. The short answer is it will be deeper, take longer to recovery and lead to elevated unemployment rates. We also discuss China’s economic performance around the coronavirus and lessons we can use.

 

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