The 2007-08 financial crisis affected the world’s advanced economies in profound ways and the ripple effects continue to today.
U.S. President Donald Trump enjoys some time in the cab of a mover truck parked at the White House in March when truckers and industry CEOs came for a discussion on health care.
(AP Photo/Andrew Harnik, File)
Mexico has traditionally been NAFTA’s biggest loser. But Canada is at risk if the U.S. gets its way in removing a dispute settlement mechanism from the deal in the upcoming NAFTA renegotiations.
Our national wellbeing probably peaked with Australia’s population at roughly 15 million in the 1970s, when this photo was taken in Hunters Hill, Sydney.
John Ward/flickr
Australia’s GPI, a broad measure of national wellbeing, has stalled since 1974. So what has been the point of huge population and GDP growth since then if we and our environment are no better off?
Unemployment is compounded by the prospect of automation replacing humans in production chains.
Reuters/Bobby Yip
Rethinking work is crucial for industrialised and emerging economies, where job losses are being felt even in the presence of substantial, although diminishing, economic growth.
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
Mick Tsikas/AAP
Treasurer Scott Morrison says Australia will “grow into growth”. Global economic conditions suggest otherwise.
Australia would need to avoid consecutive quarters of negative real GDP growth until at least 2024 if it is truly to be able to claim this “world record” as its own.
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Over 70% of Ethiopia’s population is under 30 years of age. This can be converted to economic muscle if policies are introduced to tackle the high unemployment levels in the country.
All of the increase in spending on social security and welfare is due to the introduction of the National Disability Insurance Scheme (NDIS).
Dan Peled/AAP
The world needs an alternative system, measuring economic value in face of the dissatisfaction that brought Donald Trump to the White House.
Was World Vision Australia chief advocate Tim Costello right to say that Australia’s foreign aid spending was at its highest under Menzies, at 0.5% of gross national income?
AAP Image/Royal Australian Air Force, CPL Jessica de Rouw
When we don’t factor in the environment in our economic decision making, we aren’t getting an acurate picture of what’s happening. Australia needs to adopt more environmental economics.