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Slow-Healing Scars: The Pandemic’s Legacy
Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the…
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COVID’s Impact in Real Time: Finding Balance Amid the Crisis
The IMF analyzed the economic effects of lockdowns and voluntary social distancing using two high-frequency proxies for economic activity: mobility data from Google and job openings posted on the website Indeed. As illustrated…
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[Archive] From Recession to Growth: The Story Of Nigeria’s Recovery from the 2016 Economic Recession
Being a Paper presented by Godwin I. Emefiele, Governor, Central Bank of Nigeria at the Special Convocation of the University of Nigeria, Nsukka, on Friday, May 17, 2019 at the Princess Alexandra Auditorium,…
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How The Pandemic Is Making The Gender Pay Gap Worse
A new study finds that this recession is hitting women harder. Between February and April 2020, male unemployment increased 9.9 percent; female unemployment increased 12.8 percent. The pandemic has ravaged in-person service jobs…
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Unemployment in Today’s Recession Compared to the Global Financial Crisis
There has been much discussion in recent months about how workers who transitioned to working from home—and those who were deemed “essential”—are less affected by the layoffs and job losses brought on by…
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[INFOGRAPHICS] China’s Quarterly Growth Rate Overtime
China’s latest quarterly growth rate shows that the country has averted a recession in the first half of the year as real GDP growth rate printed at +3.2% in Q2’20 compared to -6.8%…
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What Beer Sales Tell us about the Recession
Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it’s still losing market share. That’s because the economics of the beer business are complicated.…
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Reopening from the Great Lockdown: Uneven and Uncertain Recovery
Compared to the April World Economic Outlook forecast, the IMF now projects a deeper recession in 2020 and a slower recovery in 2021. Global output is projected to decline by -4.9 percent in…
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Global economy on a Tripod: Deflation, Inflation and Recession in 2020
From economic theories, one characteristics of a recession is that price level of goods and services will become low. If this should go by and considering that economic theories are in favour of…
