Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
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Our economy remains far weaker than it was a year ago and far weaker than it would have been had spending not collapsed.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
The notion of a trade-off between health measures and the economy is not supported by data from 45 countries.
The US economy’s record pandemic plunge was followed swiftly by a record upswing. But what does it all mean?
How the lessons learned from the global financial crisis can transform our view of COVID risk.
This celebrated research gives governments a reason to give climate change a low priority, but is based on spurious empirical data.
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
GDP figures hide the deep inequalities that our economic system produces.
By 2022 the government will probably have spent half a trillion, but it will be value for money.
Treasurer Josh Frydenberg has announced massive budget deficits of $85.8 billion for the just-finished 2019-2020 financial year and $184.5 billion projected for 2020-2021.
Although there will be some economic harm, it may be time to retreat from free trade with China and focus on our national security concerns.
The Black Lives Matter protests last weekend marked a new stage in the unpredictable journey coronavirus has taken us on.
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
Incomes climbed as we snapped our wallets shut in the March quarter. The June quarter will be much, much worse.
Far too much hangs on whether Australia is “technically” in a recession. It might be skewing the design of our coronavirus support measures.
South Africa’s management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
The global financial crisis taught us recoveries needn’t be V-shaped.
As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
The OECD estimates have Australia less hit than most, but they are only partial and point to Australia’s worst recession on record.
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Economics, UNSW Sydney
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Dean of Business School, University of Southern Queensland
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Professor, Department of Geography and the Environment, University of Denver
