Peter Martin, Crawford School of Public Policy, Australian National University
Its central scenario is the worst recession in 70 years. Its worst case scenario has the effects lingering for a decade.
A man wearing a face mask to curb the spread of COVID-19 walks past a temporary Pride art installation in Vancouver on Aug. 3, 2020.
THE CANADIAN PRESS/Darryl Dyck
Putting a dollar value on human lives to compare the costs and benefits of stay-at-home orders can have unintended consequences. These researchers found a different way.
There is a case to be made for a new Commonwealth agency to lead the recovery effort, built on the model of the Department of Post-War Reconstruction after the second world war.
While much attention was on the US this week, there was also an official acknowledgment that Australia is in recession, and a controversial HomeBuilder program to boost the economy.
There are already disturbing reports of racism against Asian Australians. History shows this will get worse in a recession, unless our political leaders step in.
The UK must look now to a package of long-term measures that includes investment in industry and public services, increased unemployment benefits and universal basic income.
A tourist from Québec poses with a Canadian flag in Peggy’s Cove, N.S. on Canada Day, 2016. Allowing domestic tourism to resume may be one step to carefully reopening the Canadian economy during the pandemic.
THE CANADIAN PRESS/Darren Calabrese
Grattan institute estimates suggest that up to 26% of the workforce – 3.4 million Australians – are likely be thrown out of work as a direct result of the shutdown.