Australian Gross Domestic Product (GDP) fell by 7.0 per cent in the June quarter 2020, the largest quarterly fall on record, according to figures released by the Australian Bureau of Statistics (ABS) today (2 September 2020). This follows a fall of 0.3 per cent in the March quarter 2020. On an annual basis, our Australian … Continue reading It’s Official: Australia is in a Recession
We are now six months into the coronavirus pandemic that has changed life as we know it and the economic impact of COVID-19, and its associated shutdowns on the national, state and local economies have begun to be demonstrated. Students of Western Sydney University (WSU) undertaking the 200537 Economics & Finance Engagement Spring Project have … Continue reading Impact of COVID-19 on Businesses in Western Sydney – WSU Student Projects
This blog is part of a series relating to the economic and social impacts of the COVID-19, novel coronavirus outbreak of 2020. As we move further into the year, the impacts of COVID-19 on the Australian economy are becoming more evident. New data released by the ABS showed that employment dropped by 594,300 in April, … Continue reading Economic Impacts Emerge: Coronavirus Employment Explored in New ABS Data
This blog is part of a series relating to the economic impacts of the COVID-19, novel coronavirus outbreak of 2020. Australians begin to navigate the complexities of the economy ‘opening up’ again as the National Cabinet announced yesterday a three-step plan to ease coronavirus restrictions and reopen the economy, with the goal of restoring one … Continue reading Government Plans to Re-open the Economy Through Eased Restrictions: Business and Consumer Behaviour to Be Seen
With the second school term having resumed in all states, debates have reopened regarding whether schools should resume face-to-face learning and whether doing so will threaten the progress made by existing coronavirus containment measures.
This blog is part of a series relating to the economic and social impacts of the COVID-19, novel coronavirus outbreak of 2020. Nowcasting, a portmanteau of “now” and “forecasting”, is a method of very short-range forecasting that uses recent data to determine the present and near future and, in some disciplines, the very recent past. … Continue reading ‘Nowcasting’: New Modelling Shows Australian Cases Declining, but We Can’t Relax Yet
This blog is part of a series relating to the economic and social impacts of the COVID-19, novel coronavirus outbreak of 2020. As discussed previously, there are a myriad of factors associated with the coronavirus pandemic that negatively impact psychological wellness. While many aspects of this crisis have a clear and direct link to known … Continue reading Addictive Feedback Loops: Social Media & Gambling during a Pandemic
This blog is part of a series relating to the economic and social impacts of the COVID-19, novel coronavirus outbreak of 2020. Prime Minister Scott Morrison announced Thursday 16 April that coronavirus restrictions will stay in place for at least four more weeks. These baseline regulations, including 1.5 metre distances between people, gatherings of no … Continue reading 4+ More Weeks of Lockdown Confirmed: Tracing App May Ease Restrictions but Requires Increased Surveillance
In the wake of this emerging abuse towards workers providing essential services, we must contemplate why, in our darkest moments, we express contempt for those offering the most help.
When the most privileged among us find isolation difficult, we must consider the toll on our most vulnerable.