In another Coronavirus special episode we are honoured to have arguably the most well known economist in Australia, Dr. Shane Oliver. Shane is the Head of Investment Strategy and Economics and Chief Economist at AMP Capital. Shane breaks down the current economic climate, locally and globally, showcasing the various economic indicators revealing the direction we are all heading towards.

Here’s what we covered:

Major differences between recession and a depression
Is the world economy heading towards a depression?
How will the stimulus package work?
Was the USA too late to act in shutting down?
Where will the government find the money for the stimulus package
Where will the world be when the dust settles
Has Australia done enough to flatten the curve?
How high will unemployment climb?
Recognising the opportunity?
Which industry is at the most risk?
What economic indicators should we look towards

MENTIONED EPISODES:Episode 115 | Eliza Owen Episode 114 | Fool or Forecaster 2020 Episode 112 | First Covid-19 update

Shane Oliver’s Articles:AMP Capital: Is Coronavirus driving a recession, depression or an economic hit like no other AMP Capital: The Threat to Australia house prices from Coronavirus Business Insider Australia: The 9 bad habits of highly ineffective investors

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 2 April, 2020.

https://www.theelephantintheroom.com.au/podcasts/117

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