More evidence the post-lockdown bounce is fading

Mon, 10 Aug 2020

The preliminary August reading of the ANZ Business Outlook adds to the view the post-lockdown rebound has run its course.A net 42.4 percent of businesses were downbeat about the economy's fortunes versus 31.8 percent in July the survey showed, while a net 17.9 percent of firms expected their own activity to shrink versus 8.9 percent in July.“There are three prongs to this economic crisis: lockdown, closed borders, and an incredibly synchronised global slowdown that will hit exports,” said ANZ Bank chief economist Sharo...

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