A recession like no other
Description
The COVID-19-induced recession will be nothing like any recession, indeed depression, we have seen before.
The difference this time is that the government is not reacting to poor market performance. Rather, it has actively directed business across Australia to close its doors.
Bob Gregory is a former board member of the Reserve Bank of Australia.
He says that the economy will be 'grim for six to nine months' and after that, it is impossible to know.
Bob Gregory is Emeritus Professor at the Australian National University.
Also
Behavioural economist Bob Slonim explains why we need to think more creatively to inspire more downloads of the COVIDSafe app.
Former research director of the prime minister's BETA unit, Bob Slonim is now at Sydney University.
United States
