Economic Update Video – May 2020

Data released in April provided an early insight into the impact of the coronavirus on the Australian economy, below is a video to assist you to stay up to date with the latest indicators.

After a month of social and economic hibernation, there are signs that some of the restrictions will soon be loosened somewhat. This is welcome news for households, businesses and our economy.

Global markets continued to react to the ongoing situation with volatility.

The cash rate for May has been left unchanged. At 0.25% the cash rate is currently considered to be at its effective lower bound.

 

Disclaimer: The information in this article is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any of the information you should consider the appropriateness of the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant Product Disclosure Statement or other offer document prior to acting on any financial product or implementing any financial strategy.

Liked this article? Share it!