Economic Update Video – June 2020

As May unfolded, hopes grew of economic re-opening, below is a video to assist you to stay up to date with the latest indicators.

Reserve Bank Governor Philip Lowe told a Senate Committee on COVID-19 the economic downturn was less severe than feared due to Australia’s better than expected health outcomes and government stimulus and support.

Australian shares bounced back by around 5% in May, while the US market rose 3%.

The cash rate for June has been left unchanged at 0.25%.

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.

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