Recession

The reset to lift us out of the COVID recession has to be bold: returning to where we were is nowhere near good enough

Talk about returning the economy to normal after the crisis is misguided. Before the crisis, normal was nowhere near good…

2 days ago

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…

4 months ago

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…

5 months ago

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…

5 months ago

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

Australia is in for a long and damaging economic slump unless governments inject substantially more fiscal stimulus. The July budget…

6 months ago

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…

7 months ago