Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Emerging economies are facing mounting debts, and the world needs to figure out how to save them from default.
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Emerging economies such as Brazil, Egypt, India, and Indonesia are vital global players. Saving them from possible debt default may improve the world’s resilience against the looming global recession.
Black Friday is one of the busiest shopping days of the year.
AP Photo/Bebeto Matthews
Steven Hamilton, Crawford School of Public Policy, Australian National University
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll.
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