Tag: economy

  • What the economic shutdown means for Australian workers: will this be Australia’s highest unemployment rate since 1932?

    What the economic shutdown means for Australian workers: will this be Australia’s highest unemployment rate since 1932?

    By Noha Tsor With the shutdown of non-essential services, and more extreme social distancing regulations being implemented as the days progress, Australia is undoubtedly heading towards its first recession in 28 years. As Sydney Morning Herald’s Economist Editor, Ross Gittins labels it; “coronacession”. Perhaps the most adverse impact of this impending recession is the skyrocketing…

  • When Boom Becomes Distant Rumble

    When Boom Becomes Distant Rumble

    Since Resources Minister Martin Ferguson announced the end of the resources boom, there has been widespread speculation as to what this means for Australia’s future economic prospects. “It’s about time Tony Abbott stopped talking down Australia, both at home and internationally, and recognised how well placed we are. Like, you’ve got to understand the resources…

  • Opinion: Who’s Afraid of the Economic Crisis?

    In case you weren’t aware, there is a serious crisis in Europe. Or rather, serious crises that started with the subprime crisis in the United States in 2007. There is a lot to be outraged at in Europe at the moment, between the real estate crisis, the banking and financial crisis, the economic crisis, the…