Shane Oliver looks back at the bear markets in Australia since 1900, and discusses whether we are headed for a recession, a depression or something unprecedented. He asserts that growth could rebound quickly once the virus is under control and policy stimulus impacts.
- Global share markets have fallen into a bear market, but whether this turns out to be long or short depends on how long the hit to the economy from coronavirus lasts.
- There are big differences between the current disruption to economic activity – which could be very deep in the short term – and past recessions and depressions.
Read Shane’s complete article here. If you have any questions, please do not hesitate to contact Kate O’Brien at Edney Ryan Wealth Management on (02) 9908 9888.