Investor Presentaiton
MACRO ECONOMIC ENVIRONMENT
ECONOMIC ENVIRONMENT IMPROVING, BUT SIGNIFICANT UNCERTAINTY REMAINS
BOQD
GROUP
MACRO ECONOMIC
Economy is improving although the recovery is likely to be bumpy with uncertain strength
Greatest uncertainty remains the health crisis, and that is unlikely to be resolved until vaccine or effective treatment is found
Government and regulatory response has significantly cushioned the decline
Balance sheet strength of Government, RBA and the Banks remains a significant positive
CONSUMER
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Consumer and business confidence is improving
Peak of the unemployment rate likely to be in 2020
Household incomes significantly aided by forthcoming tax
cuts, Government programs and interest payment holidays.
House price decline has not been as significant as feared,
although positive growth not expected until 2H21.
Bank of Queensland Limited 2020 Full Year Results Presentation
BUSINESS
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This recession has hit most service sectors hard
Government programs have also aided many firms
Some business models will not survive the downturn
SMEs should benefit from Budget announcements
Agribusiness is doing well
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