Economic recovery will come with high levels of unemployment: how should governments respond?

May 05, 2020 11:38 am UTC| Economy

Two key factors distinguish the economic consequences of coronavirus from those of previous crises. One is the catastrophic decline in employment in such a short space of time. The other is the incredibly swift digital...

After coronavirus lockdown, the financial cost

May 05, 2020 08:30 am UTC| Insights & Views Economy

As curves have flattened in numerous countries, more lockdowns are tentatively lifting. The Conversation has been analysing the latest public health developments and looking in detail at the contact tracing apps that...

Oil in Global Economy Series

Oil price: futures markets warn it won't recover after coronavirus

May 04, 2020 13:46 pm UTC| Economy

West Texas Intermediate (WTI) crude went negative for the first time in history this month as oil traders got stuck between a mammoth oversupply and lack of places to store it. The international price of black gold remains...

Coronavirus is significant, but is it a true black swan event?

May 04, 2020 13:45 pm UTC| Economy

Since the black swan metaphor was coined in the 2007 book of the same name it has become fashionable to label virtually all low probability/high impact events black swans. But the danger of making an occurrence like the...

It could take two years for the economy to recover from the coronavirus pandemic

May 04, 2020 13:44 pm UTC| Economy

Predictions about the effects of the coronavirus pandemic on the worlds economy arrive almost daily. How can we make sense of them in the midst of this economic storm? After all, research shows that economic forecasts made...

How a one-off tax on wealth could cover the economic cost of the coronavirus crisis

May 04, 2020 13:39 pm UTC| Insights & Views Economy

The UKs annual public deficit is predicted to balloon from a previously forecast 55 billion to 273 billion by the end of 2020. This increase is the product of higher government spending to contain the human and economic...

Vital Signs. The evidence that lockdowns work may not be gold standard, but it's good

May 04, 2020 13:31 pm UTC| Economy

As Australia begins gradually to relax some of its containment measures (so-called nonpharmaceutical interventions or NPIs) we are confronted with a number of questions when will children be back at school full...