CBA chief, Matt Comyn, remarked earlier
From the banks' investor call today:
"While Australia faces near-term challenges due to the lockdowns we expect growth will simply be pushed back by six months, with the economy rebounding in late 2021 and growing strongly in 2022."
Adding that he expects the country to avoid a recession, as there are "a number of factors supporting growth", including "the significant accumulated household savings, a swift employment recovery due to low supply of labor, expansionary fiscal and monetary support and the strong housing market".
In case you missed the headlines from earlier in the day:
