Articles on Recession

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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…
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…
There’s more to life than buying stuff. Steve Parsons/PA

Austerity may have breathed new life into true happiness

We are now five years into the largest financial crisis in decades and yet, paradoxically, people don’t seem to be more unhappy than they were before. The UK ranked 10th of the countries surveyed for the…
Australia’s economy was relatively unscathed by the global financial crisis, according to data from the latest Melbourne Institute HILDA survey. AAP

The benign effects of the “Great Recession”

In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world - especially Western economies - into the worst economic recession since the Great Depression…

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