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World experiencing deepest recession due to COVID-19

The world will see another deep recession in the economy after the great depression in the 1930s. This depression is caused by the effects...

Lack of fiscal aid prompts ‘tragic’ economic impact, Powell warns

The Federal Reserve’s chair warned of a weak and prolonged recovery if the Congress would not pass another stimulus package to support families and...

Economists say new UK furlough scheme will likely fail

Threatened by the possibility of prolonged recession and growing national debt, Britain faces another obstacle again as over one million workers are at risk...

Now we’ll need $100-$120 billion. Why the budget has to spend big to avoid...

Australia is in for a long and damaging economic slump unless governments inject substantially more fiscal stimulus. The July budget update forecast that unemployment would...

No snapback: Reserve Bank no longer confident of quick bounce out of recession

The good news in the Reserve Bank’s latest quarterly set of forecasts is that the recession won’t be as steep as it thought last...

It really is different for young people: it’s harder to climb the jobs ladder

Our memories of the job market prior to COVID have become rosier: the last decade was a period of fairly low unemployment, even if...

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