Over 85,000 workers in tech have been laid off so far in 2023. So, what does this mean for the industry – and the wider economy?
A growing number of economists are predicting a US recession is on the cards, which could lead to a recession in Australia and globally.
With interest rates rising and house prices dropping in some cities, are potential first-home buyers getting closer to making that purchase?
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
This recession is not like any other in living memory. Phase one involved a massive supply shock, phase two will involve dealing with a collapse in demand.
There is a case to be made for a new Commonwealth agency to lead the recovery effort, built on the model of the Department of Post-War Reconstruction after the second world war.
JW Neville Fellow in Economics Tim Harcourt advises that Australia can use higher education and digital learning to skill up the workforce and build greater capacity in the economy.
So far, Australia’s help for people displaced, self-isolating or ill has been far from generous.
The COVID-19 emergency has the potential to trigger the collapse of some airlines in Australia. But with its high ‘public good’ value, a future without Qantas is one we cannot afford, says Tim Harcourt.
An Australian recession is likely to be part of a global slump, with some workers especially vulnerable, says a UNSW Economics expert.