Comments from NAB CEO on the rolling lockdown in Australia, says a faster vaccination rollout is needed.

Currently Australia's two largest capital cities, Sydney and Melbourne are in lockdown.

NAB CEO Ross McEwan on rising levels of financial stress

  • “[There has been] about a 10 per cent increase so far, and let’s see what this week brings”
  • “If we want to get out of this and get back to the freedoms that we used to have, let’s get vaccinated. The more people [who] take up the option of getting vaccinated, the sooner these lockdowns are restricted”
  • said it was too early to determine the economic impact of the lockdowns
  • Experience also had shown that economies post a “very strong” rebound after a lockdown, and he expected a similar pattern this time around

Link here for more (may be gated)

Comments from NAB CEO on the rolling lockdown in Australia, says a faster vaccination rollout is needed.