Both opposition leader Bill Shorten and prime minister Scott Morrison dodged the question about maintaining a surplus no matter what.
The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.
Economists and Wall Street workers fear a recession is underway.
Financial markets are increasingly worried the US economy is heading for a crash. An economist explains what's got investors spooked.
An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Unemployed South African workers wait for scarce jobs as the economy struggles to create employment.
South Africa's recently announced economic recovery plan failed to break away from the cumbersome neo-liberal line.
The bad news keeps piling up for South Africa’s economy.
South Africa has recorded two consecutive GDP contractions. What does it mean?
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.
We shouldn’t be in the business of awarding ourselves prizes to which we’re not entitled.
Time to stock up?
Canned goods via www.shutterstock.com
The current US economic expansion is nearly the third-longest since the 1850s, making a recession likely in 2017. It's time to get ready.
A study in resilience.
Ice bath via www.shutterstock.com
Markets have been on a rocky ride all year on concerns another recession looms. Here are a few lessons we can learn from the last one.
Recessions affect us all.
Unemployed line via www.shutterstock.com
Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
Thousands of civil service employees gather during a protest march for higher pay at the Union Buildings in Pretoria in 2010.
South Africa's government should urgently announce a moratorium on civil service employment growth. The country has reached its upper limit in the number of civil servants that can be sustained.
Does a boom in babies give the economy a boost or cause a bust?
Baby money via www.shutterstock.com
Research shows baby booms are generally bad news for the economy – at least for the boom's babies.
St Anton, Austria: living together isn’t always easy.
An expert spent seven years studying the interactions between locals and immigrants: this is what he found.
Observers may be quick to declare social trends “good” or “bad” for families, but such conclusions are rarely justified. What’s good for one family – or group of families – may be bad for another. And…
We’re using less petrol – there’s a recession on, you know …
Readers of the Financial Times would have recently encountered a story that encompasses the paper’s version of bad/good news when it comes to the oil business. According to the author Daniel Yergin, the…
Australians should step away from a “story-telling approach” when it comes the economy.
What are the risks in the economic outlook for Australia? Typically, prognosticators take a scenario-based (aka “story-telling”) approach to answering this sort of question. And usually these scenarios…
Up in the air.
Men who leave school or university during a recession experience better health in later life than those who graduate during a boom, while women experience worse health if leaving school or university during…