Keywords: Global Economic Crisis
There are more than 200 results, only the first 200 are displayed here.
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ECONOMICS
- David James
- 20 October 2020
3 Comments
The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.
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ENVIRONMENT
- Various
- 18 September 2020
3 Comments
The pandemic has afforded us a preview of how a crisis plays out when the science is not properly heeded. The overwhelming majority of climate scientists have long been sounding the alarm that the health and safety of large parts of the population are at serious risk, both here and around the world. We are already seeing the damage to health and to the environment that they predicted.
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INTERNATIONAL
- Maddison Moore
- 01 September 2020
2 Comments
The global impact of COVID-19 has further increased inequality in food security, with nations already facing widespread famine, malnutrition and food insecurity being hit the hardest.
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ECONOMICS
- David James
- 20 August 2020
6 Comments
There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.
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ECONOMICS
The full economic impact of the coronavirus lockdowns will not be fully felt until the end of the year, but it will be devastating. The Treasurer, Josh Frydenberg, is already estimating that the effective employment rate is 13.3 per cent; it may be headed for as high as 20 per cent. It raises a question, not just in Australia, but in many developed countries. Will there be a significant middle class left after such economic destruction?
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ECONOMICS
- Nicola Heath
- 30 June 2020
2 Comments
It turns out that the COVID-19 economic crisis is disproportionately affecting women — so much so that some have dubbed it a ‘pink-collar recession’. Unemployment figures show that since February, 457,517 women have lost their jobs compared to 380,737 men.
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ECONOMICS
A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change?
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INTERNATIONAL
- Daniel Sleiman
- 25 June 2020
4 Comments
America has lost the proxy war in Syria and is now looking at punishing ordinary Syrians for the actions of the Syrian government. The so called ‘Caesar Act’, officially known as the Caesar Syrian Civilian Protection Act, aims to cut off multilateral or direct commerce with Syria’s ruling Baath party, effectively inducing record inflation, poverty and market exclusion.
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ECONOMICS
Calling healthcare a business was always logically flawed. Money is involved, but it is unlike any consumer product businesses. For one thing, the ‘customer’ in health does not decide what represents value, the provider (the doctor or equivalent) does. Patients may have a say, but usually only on the margin.
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AUSTRALIA
What is often not expected or well understood is the effect of ‘lag time’ aftershocks in our regions following economic crisis. Lag time is an attribute of some rural, regional and remote communities and is most often seen in economically path dependent and single industry communities, many of which of course, comprise RRR Australia.
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ENVIRONMENT
But just as the frighteningly precarious nature of our lives has been thoroughly exposed, so too has the inequality of it all. Even in a pandemic, we aren't all suffering equally. Even in a pandemic, structures of privilege continue to operate.
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ECONOMICS
To date, most of the Morrison government’s economic packages could best be described as ‘economic welfare’. They are measures designed to limit the impact on the economy of the COVID-19 pandemic. The recovery phase will very much need to be about stimulating the Australian economy.
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