It has consequences for everything from voting rights at the IMF to international borrowing costs.
We looked at 100 years of Tory and Labour governments to see who was better at producing GDP.
Some national economies will return to their pre-COVID levels this year, others not until 2025. What does this imbalance mean for the global economy?
University of Canberra Professorial Fellow Michelle Grattan and University of Canberra Associate Professor Caroline Fisher discuss the week in politics.
Things looked good, although we were still cautious at the end of March. Our national accounts are prepared with a lag.
GDP only measures economic growth – not inequality, poverty or unpaid work like elder care. So researchers in the Netherlands developed a new way for governments to see how people are actually doing.
Canadian residential real estate and farmland have historically proven to be strategic hedges against inflation.
Economic activity has returned to almost what it was before the crisis, but to nowhere near were it would have been were it not for the crisis.
Many studies have assumed that lockdowns are the leading driver of economic downturns – but evidence suggests otherwise.
Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
Our economy remains far weaker than it was a year ago and far weaker than it would have been had spending not collapsed.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
The notion of a trade-off between health measures and the economy is not supported by data from 45 countries.
The US economy’s record pandemic plunge was followed swiftly by a record upswing. But what does it all mean?
How the lessons learned from the global financial crisis can transform our view of COVID risk.
This celebrated research gives governments a reason to give climate change a low priority, but is based on spurious empirical data.
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
GDP figures hide the deep inequalities that our economic system produces.
By 2022 the government will probably have spent half a trillion, but it will be value for money.
Treasurer Josh Frydenberg has announced massive budget deficits of $85.8 billion for the just-finished 2019-2020 financial year and $184.5 billion projected for 2020-2021.