An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Several studies have shown that health suffers after being laid off, as fear and anxiety lead to stress.
The negative effects of job loss have been well-documented and fairly well-understood. But why would studies also suggest that health improves during a recession? The reasons may surprise you.
The leaders of the Brazil-Russia-India-China-South Africa alliance.
The sub-imperial formation called BRICS, which pretends to be a progressive global force could be divided by a series of crises.
Facing hunger, scarcity, sickness, protest and no clear path toward salvation, Venezuela is on the brink of something, but just what is not clear.
The best news and analysis of Venezuela's dangerous descent into crisis, written by local economists and political scientists who are living it every day.
South African President Jacob Zuma closing the governing ANC’s policy conference.
South Africa's governing ANC appears to have lost claim to being a leader of society. This is clear from the outcome of its policy conference.
Demonstrators march against corruption in South Africa.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
The bad news keeps piling up for South Africa’s economy.
South Africa has recorded two consecutive GDP contractions. What does it mean?
Australia would need to avoid consecutive quarters of negative real GDP growth until at least 2024 if it is truly to be able to claim this “world record” as its own.
We shouldn’t be in the business of awarding ourselves prizes to which we’re not entitled.
Time to stock up?
Canned goods via www.shutterstock.com
The current US economic expansion is nearly the third-longest since the 1850s, making a recession likely in 2017. It's time to get ready.
Trinidad and Tobago is no longer the liquid petroleum gas export powerhouse it once was.
Ghana could learn a great deal from Trinidad and Tobago about how to manage its energy sector – and about what pitfalls to avoid.
A study in resilience.
Ice bath via www.shutterstock.com
Markets have been on a rocky ride all year on concerns another recession looms. Here are a few lessons we can learn from the last one.
Recessions affect us all.
Unemployed line via www.shutterstock.com
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.
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.
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?
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.
Does a boom in babies give the economy a boost or cause a bust?
Baby money via www.shutterstock.com
Research shows baby booms are generally bad news for the economy – at least for the boom's babies.
Treasurer Joe Hockey said Australia is not heading for a recession.
AAP Image/Dean Lewins
Australia has had 24 years of consistent growth. Is it all about to come to a crashing end?
St Anton, Austria: living together isn’t always easy.
An expert spent seven years studying the interactions between locals and immigrants: this is what he found.
Journalist George Megalogenis takes an affectionate journey through the milieu of Australia’s economic reform in a new ABC documentary, Making Australia Great.
A line-up of former prime ministers stake their rival claims to making Australia great, in a new series by journalist George Megalogenis.
Observers may be quick to declare social trends “good” or “bad” for families, but such conclusions are rarely justified. What’s good for one family – or group of families – may be bad for another. And…