Local newspapers are an 'essential service'. They deserve a government rescue package, too

Apr 04, 2020 07:03 am UTC| Economy

The coronavirus pandemic has spawned a lexicon of its own. We have had to quickly incorporate words like self-isolation and social distancing into our everyday language to navigate it. Essential service is another one....

Coronavirus: as a health economist, I'm not convinced the case for mass testing stacks up

Apr 04, 2020 07:00 am UTC| Economy

In 1974, a classic book, Who Shall Live?, was published. Written by Victor Fuchs, a Stanford University professor, it marked the birth of health economics. It arrived at a moment when the post-war era of continued growth...

How the coronavirus recession puts service workers at risk

Apr 04, 2020 06:50 am UTC| Economy

Economic activity is slowing rapidly, both in the United States and around the world. Social distancing, stalling global trade, widespread illness and the closing of borders, restaurants and schools will all contribute...

Corporate debt is in serious trouble – here's what it means if the market collapses

Apr 04, 2020 06:48 am UTC| Business Economy

Markets abhor uncertainty. The coronavirus pandemic is a severe supply shock that will substantially reduce the worlds economic output, and there will potentially be several waves as the contagion returns in the autumn or...

How high will unemployment go? During the Great Depression, 1 in 4 Americans were out of work

Apr 04, 2020 06:46 am UTC| Economy

CC BY-ND The U.S. unemployment rate climbed from a half-century low of 3.5% to 4.4% in March and is expected to go a lot higher. But could the rate, as some predict, surpass the 25% joblessness the U.S. experienced...

Economic effects of coronavirus lockdowns are staggering – but health recovery must be prioritised

Apr 04, 2020 06:42 am UTC| Economy

In all my years as an economist, I have never seen a graph like the one below. It shows unemployment claims in the US observe the spike for the week ending March 21. The global financial crisis, the dot-com crash, Black...

Turkey tries to keep wheels of economy turning despite worsening coronavirus crisis

Apr 04, 2020 06:34 am UTC| Economy

Turkey confirmed its first case of the new coronavirus on March 11, but since then the speed of its infection rate has surpassed that of many other countries with cases doubling every two days. On April 2, Turkey had more...