Today's national accounts are important, but for many Australians they will say little about living standards.
The 1918 Spanish Flu, the 1957-1958 Asian Flu and the 2001-2002 SARS pandemic give us a frame of reference.
With a relatively low debt to GDP ratio, Australia was never at risk of becoming Greece. But Germany, with negative interest rates and scant prospects for economic growth, is an open question.
GDP figures released this week showed the nation has experienced a growth spurt - but will it last?
Employment rising, consumer spending growing but wages are still stuck. Therein lies the problem for the Reserve Bank of Australia, writes Richard Holden.
GDP is not as good as it looks, apartments are skewing building numbers, and US consumers are displaying fake confidence, writes Richard Holden.
Today’s GDP figures showing anaemic growth is further evidence that secular stagnation has hit Australia, says Richard Holden from the UNSW Business School.
If Abbott fails to hold on to leadership, history will record it was economics that did him in, writes Richard Holden.
Minds are now focused on whether the US Federal Reserve will move to raise its near zero interest rates following two pieces of conflicting economic data, writes Glen Otto.
According to the federal government, quick action to instigate stimulus policies saved the Australian economy. The real story is rather different though, writes Peter Swan.