Articles on GDP

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Economists are using models to try to determine what short- and long-term impacts the coronavirus pandemic will have on the global economy. (AP Photo/Koji Sasahara)

It could take two years for the economy to recover from the coronavirus pandemic

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.
Research shows Canadians want to move away from the GDP as a measurement of progress, prosperity and happiness, and consider protecting the environment more critical than growth. A hiker is seen here in British Columbia. Alex Shutin, Unsplash

Are Canadians ready to ditch GDP as a key prosperity indicator?

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.
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'.
Prime Minister Justin Trudeau meets with the United Nations High Commissioner for Human Rights, Michelle Bachelet, in Ottawa in June 2019. THE CANADIAN PRESS/Sean Kilpatrick

Canada must use its ‘soft power’ to champion global human rights

To bring about genuine change, middle-power countries like Canada must adopt a leadership role in pursuing an ethical agenda to ensure the security and survival of humanity. Is Canada ready to lead?
Treasurer Frydenberg says he is not worried that we are saving rather than spending our budget tax cuts. His goal was merely to “put more money in pockets”. Lukas Coch/AAP

GDP update: spending dips and saving soars as we stash rather than spend our tax cuts

Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn't ruling out action in the pre-Christmas budget update.

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