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Articles on Economy

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Not only have people lost jobs, they have also stopped looking for work. (Shutterstock)

Here’s how the coronavirus is affecting Canada’s labour market

Younger, unmarried or less educated workers are feeling the brunt of the economic effects of COVID-19. The fallout may deepen already existing inequalities.
As larger percentages of the U.S. population become infected, a study shows how direct medical expenses for treating COVID-19 will rise. Those costs will come back to everyone. Scott Eisen/Getty Images

Coronavirus medical costs could soar into hundreds of billions as more Americans become infected

Reopening state economies too soon risks a second wave of the pandemic, and a surge in medical costs. Anyone who pays insurance premiums and taxes will be picking up the tab.
A member of the Nigerian Health Task Force fumigates a building in Abuja, Nigeria, as the city struggles to curb the spread of coronavirus. COVID-19 Photo by Kola Sulaimon/AFP via Getty Images

Steps to inoculate African economies against the impact of coronavirus

Africa's leaders need to implement COVID-19 policies that protects African economies from the health crisis.
California is working with Oregon and Washington on coordinated plans for phasing in the reopening of restaurants, stores and other parts of their economies in a way that can keep the coronavirus pandemic at bay. Amy Sussman/Getty Images

Why there isn’t a one-size-fits-all plan for states to reopen their economies

How and when the US economy reopens will look different state to state, and for good reasons. This Q&A explains why, and why some states are working together.
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

Restarting the coronavirus economy: 4 possible steps

The response to COVID-19 should become a learning opportunity on how to develop more illness-proof economies.
Replacing an employee means taking time and resources to train someone new. djrandco/Shutterstock.com

Replacing workers has many costs

As more and more Americans are laid off, employers have to consider the cost of letting their staff go.
Essential workers expose themselves to the coronavirus every day. zoranm/Getty Images

Lead with empathy during the COVID-19 crisis

The coronavirus pandemic is a stressful time for everyone. Here are some ways employers can help their employees through this crisis.
Lagos Computer village, Nigeria’s version of Silicon Valley, shut following COVID-19 lock down. Photo by Adekunle Ajayi/NurPhoto via Getty Images

Lockdown will hit Nigeria’s smallscale entrepreneurs hard. What can be done

As part of response to COVID-19 pandemic, Nigeria has announced a lock down in three strategic states but this is going to be tough on the self employed and small scale entrepreneurs.

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