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Wednesday, 18 March 2020

Recession forecast (and V-shaped recovery)

Westpac calls recession

From the great man, Bill Evans of Westpac:

Westpac sees the unemployment rate rising to 7 per cent and a sharp recession in the first half of 2020, before a sharp V-shaped recovery in the second half of the year. 

ANZ Research sees unemployment running as high as 7.8 per cent.