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Articles on Economic recovery

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Lukas Coch/AAP

Budget 2021: the floppy-V-shaped recovery

Looking graphically at actual and forecast GDP makes it clear why some speak of a ‘V-shaped recovery’. But even the fairly bullish assumptions reveal a recovery where the V isn’t really sharp enough.
The Fairmont Royal York Hotel in Toronto. After the SARS pandemic in 2003, Toronto hotels faced a recovery period. (Shutterstock)

SARS didn’t prepare the hospitality industry for the prolonged impact of COVID-19

After SARS in 2003, an effort was made by Toronto’s tourism and hospitality industries to stimulate the sector’s recovery. But measures weren’t put in place for future pandemics.
Attendees at an event for Donald Trump on August 17, 2020. Brendan Smialowski/AFP

Fact check US: Is the US economy recovering, as Donald Trump claims?

Six months into the Covid-19 crisis, the president is boasting that the US economy is back on its feet. While the figures show that some job losses have been cut, there is little room for optimism.

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