Objective analysis: COVID-19 positives, page-4

I'm not sure how to answer your first question, as I don't think we will see a depression. A temporary recession, yea sure but not a depression.

How do I see the financial health of the Afterpay consumer? Very strong because as I've noted many times the quantitative credit risk models have already red flagged the higher risk cohorts. I'd also argue that people know well in advance when their stimulus runs out so I've of the view people will adjust their spending accordingly. But also remember that more than 50% of Afterpay users are in the highest credit quality cohort as identified by a recent study.

Stores reopening? Great for Afterpay. Slowly start rolling out instore purchases in the US that was put aside during COVID-19.