The US economy’s record pandemic plunge was followed swiftly by a record upswing. But what does it all mean?
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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.
With a deepening climate crisis, unprecedented biodiversity loss and widespread inequality, it’s pertinent to question if indefinite GDP growth will deliver true and long-lasting prosperity.
Michelle Grattan talks with Assistant Professor Caroline Fisher about the week in politics, including coronavirus, the Biosecurity Act and panic-buying, as well as the Australian economy.
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.
Treasury will update the nation on the likely impact of the coronavirus on Thursday.
Top contributors
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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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Professorial Fellow, University of Canberra
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Economist at Centre of Policy Studies, Victoria University
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Director and Professor, Australia-China Relations Institute (ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Lecturer in Economics, University of the Witwatersrand
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Honorary Professor of Economics, UCL
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Dean of Business School, University of Southern Queensland
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Professor of Economics & Business, Allegheny College
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor, School of Economics, The University of Queensland
