Incomes climbed as we snapped our wallets shut in the March quarter. The June quarter will be much, much worse.
Articles on GDP
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Far too much hangs on whether Australia is “technically” in a recession. It might be skewing the design of our coronavirus support measures.
South Africa’s management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
The global financial crisis taught us recoveries needn’t be V-shaped.
As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
The OECD estimates have Australia less hit than most, but they are only partial and point to Australia’s worst recession on record.
With a deepening climate crisis, unprecedented biodiversity loss and widespread inequality, it’s pertinent to question if indefinite GDP growth will deliver true and long-lasting prosperity.
Michelle Grattan talks with Assistant Professor Caroline Fisher about the week in politics, including coronavirus, the Biosecurity Act and panic-buying, as well as the Australian economy.
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.
Treasury will update the nation on the likely impact of the coronavirus on Thursday.
Today’s national accounts will be important, but for many Australians will say little about living standards.
The same techniques used to model the SARS pandemic for the World Health Organisation produce results ranging from bad to catastrophic.
With skill and support where needed, the government can get us through this, but it’ll be the biggest challenge since the global financial crisis.
Is the UK economy booming or are the statistics being twisted out of shape by the shuffling of gold bullion?
To bring about genuine change, middle-power countries like Canada must adopt a leadership role in pursuing an ethical agenda to ensure the security and survival of humanity.
Is Canada ready to lead?
An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
The 1918 Spanish Flu, the 1957-1958 Asian Flu and the 2001-2002 SARS pandemic give us a frame of reference.
The Conversation’s 2020 economic survey points to a dismal year, with no progress on many of the key measures that matter for Australians and an increase in the unemployment rate.
GDP is well suited to many things, but not to measuring the impact of disasters.
Some households have shared disproportionately in the growing national wealth, but GNP fails to reflect the disparity in gains across economic groups.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Professorial Fellow, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Professor of Economics, University of Canberra
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Professor of Economics & Business, Allegheny College
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Dean of Business School, University of Southern Queensland
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Director, Centre of Policy Studies, Victoria University
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Associate Professor, School of Economics, University of Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Director and Professor, Australia-China Relations Institute (UTS:ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Lecturer in Economics, University of the Witwatersrand
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Professor, School of Economics, The University of Queensland