We should be sceptical of anyone claiming a recession is just around the corner.
Soaring inflation and a run on the banks signal that punishing sanctions resulting from the invasion of Ukraine are already inflicting economic pain.
Teaching kids better budgeting won’t fix post-pandemic inequalities. A more robust social safety net, less hoarding and squandering of wealth and more equitable tax policies might.
An economist explains what a recession is, who decides and why it took so long to learn that the COVID-19 downturn was officially over.
In Australia, among young men, recessions might save hundreds of lives per year.
At the age of 22, in 2015, 82% of respondents described their mental health as excellent, very good or good. This fell to 70% at the age of 26 in 2019 — a drop of three percentage points per year.
Four decades on, and commencing retirement, Australians who entered the labour market during the 1970s recession are less happy than those born earlier or later.