Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Emerging economies are facing mounting debts, and the world needs to figure out how to save them from default.
Strarline/Freepik
Emerging economies such as Brazil, Egypt, India, and Indonesia are vital global players. Saving them from possible debt default may improve the world’s resilience against the looming global recession.
Black Friday is one of the busiest shopping days of the year.
AP Photo/Bebeto Matthews
Steven Hamilton, Crawford School of Public Policy, Australian National University
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll.
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Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
THE CANADIAN PRESS/Frank Gunn
Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
The Bank of England has indicated that the UK may have already entered a recession based on preliminary data.
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