The COVID-19 crisis has the world economy reeling. In this webinar Bendigo Bank’s head economist, David Robertson discusses Australia’s economic outlook, the impact to SME’s and the market in general.
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AUSTRALIAN ECONOMIC OUTLOOK WEBINAR
BROUGHT TO YOU IN PARTNERSHIP WITH
David provided an economic and market update in light of the COVID-19 crisis. You’ll be relieved to hear it’s not all doom and gloom – there is good news. To put it into perspective, David said 2020 could be described as an economic gap year.
Among David’s key points were:
- We are likely to have a deep contraction of the economy, rather than a recession.
- China is getting back to business quicker than expected. As it is Australia’s largest trading partner, this is good news.
- The iron ore price is holding up well, more than US$80 per tonne, due to demand from China and SE Asia. The coal price is also holding up pretty well.
- Borrowing has never been cheaper. Now is a great opportunity to be locking in debt.
- Recessions (even though we may technically not be having one) are always followed by recoveries. This has been the pattern for the last 100 years, so take heart.
Register to watch the full recording of the webinar.
WEBINAR SPEAKER
Banjo was delighted to host a webinar exclusively for our clients last week, featuring David Robertson, Head of Economic and Market Research at Bendigo and Adelaide Bank, a valued Banjo partner.
2020 - Our Economic Gap Year
Head of Economic and Market Research, Bendigo Bank.
David Robertson
David joined Bendigo Bank 18 years ago as head of Financial Markets, and today is the Head of Economic and Market Research for the Bendigo and Adelaide Bank. His banking career commenced in 1989 as a foreign exchange dealer, and prior to joining Bendigo Bank he worked in a range of senior roles in Treasury for the State Bank of NSW, First Chicago and Commonwealth Bank. David’s regular commentaries and video updates are shared via the bank’s website, YouTube and LinkedIn platforms; and beyond the world of banking and his family David’s passions lie in golf, the outdoors and thoroughbred racing.