NAB – The Morning Call · Lifting lockdowns but the debt remains
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Lifting lockdowns but the debt remains

Thursday 7th May 2020

Two questions remain over the COVID-19 crisis: when is it safe to lift lockdowns, and what will the debt-impact be on the economy? Bond yields rose in the US today as focus turned to the sheer size of debt issuance coming from the Fed, whilst a European Commission report highlighted the variance in the impact between the north and the south of Europe. Phil Dobbie talks To NAB’s David de Garis about the speed of the recovery around the world – the gap demonstrated today, perhaps, by Australian trade data, unemployment numbers for the US overnight and forecasts from the Bank of England.

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