NAB: Retail sector “already in recession”

Thursday, 1 June 2017

NAB chief economist, Alan Oster, believes the retail sector is already in recession, and he does not anticipate an improvement in the near-term. From The Australian:

Mr Oster described retail as being in a “terrible’’ state…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.