Two well known economists have given opposing views on the likely economic recovery once lockdowns in Sydney and Melbourne eventually end.
Saul Eslake believes that the economic recovery will be swift:
Independent economist Saul Eslake told The Age and The Sydney Morning Herald that Victoria and NSW were in recession but the states’ economies were likely to bounce back strongly once their respective lockdowns ended, a view backed on Monday by ANZ bank senior economist Adelaide Timbrell.
