Articles on Recession

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Recessions affect us all. Unemployed line via

How do we know if we’re in a global recession?

Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
Thousands of civil service employees gather during a protest march for higher pay at the Union Buildings in Pretoria in 2010. EPA/Jon Hrusa

Civil service pay: South Africa has some harsh choices to make

South Africa's government should urgently announce a moratorium on civil service employment growth. The country has reached its upper limit in the number of civil servants that can be sustained.
It may take a magic wand from the RBA (or the Turnbull government) for Australia to escape a recession. Sam Mooy/AAP

All eyes on the Aussie dollar as Australia stalks recession

Volatility is not going away any time soon, and if the US Fed decision plays the wrong way on the Australian dollar, our central bank could soon be back in the jawboning business.
US Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi have seen quantitative easing pay off, but what about on the way out? David Stubbs/Reuters

The quantitative easing experiment is ending in global recession

The biggest factor behind the recessionary trend is not the Chinese market, austerity budgets, or even the threat of higher US interest rates this year.
Journalist George Megalogenis takes an affectionate journey through the milieu of Australia’s economic reform in a new ABC documentary, Making Australia Great. ABC TV

Making Australia Great despite themselves: PMs stake rival claims

A line-up of former prime ministers stake their rival claims to making Australia great, in a new series by journalist George Megalogenis.
Lapping up the rays… in Scarborough. Jonathan Pow/PA Archive

Hard Evidence: is this a line in the sand for the staycation?

Bognor or Borneo? Penzance or Paris? Scarborough or Sao Paulo? The decision of whether to spend your annual leave holidaying in a foreign clime, at a campsite in the UK, or even just in your back garden…
Australians should step away from a “story-telling approach” when it comes the economy. AAP/Garry Schafer

Look at the data to understand the risks for the Australian economy

What are the risks in the economic outlook for Australia? Typically, prognosticators take a scenario-based (aka “story-telling”) approach to answering this sort of question. And usually these scenarios…
Staring down the recession. litherland

Overlooked creative industries are recession-proof

The creative industries have not only survived, but also thrived, in the recession, according to data released by the UK Department of Culture, Media and Sport. This may come as a shock. The report details…
The evil empire? Stefan Rousseau/PA

It’s time to put social impact of finance on the curriculum

The global crash of 2008 kicked off a furious debate in the UK about whether or not the City of London is a real asset to the economy. There was huge anger about the multi-billion bail-out of failed banks…
Cold steel: George Osborne visits JCB’s factory in Staffordshire. Rui Vieira/PA

Finance wages soar while manufacturing flatlines

George Osborne promised Britain a “march of the makers” – but as yet, there is little sign that a resurgence of manufacturing is helping the economy to rebalance. It would be naïve to assume that manufacturing…

Employees work harder in times of recession

Worker output has been found to increase during times of economic downturn, while employers and firms manage to do “more…

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