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Articles on Recession

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A sign in Texas in 1939, at the end of the Great Depression. (The New York Public Library/Unsplash)

Put your trust in taxes during the coronavirus pandemic recovery

The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It’s helpful to examine tax supports for individuals by considering the past, present and future.
A universal basic income and a job guarantee are critical ways to help us weather the economic storm of the coronavirus pandemic. (Shutterstock)

Job guarantees, basic income can save us from COVID-19 depression

A universal basic income could provide financially precarious people with the money they need. And it would keep money flowing through the financial system.
Health care systems around the world are ramping up their response to the spread of COVID-19, like this hospital in Washington state. AP Photo/Ted S. Warren

Coronavirus weekly: as the virus spreads, economies grind to a halt

Citizens around the world look warily at the rates of illnesses and deaths at home and abroad as the economic effects of COVID-19 start to hit.
Treasury Secretary Steven Kennedy with Finance Minister Mathias Cormann at Senate estimates on Thursday. Mick Tsikas/AAP

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

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’.

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