If we survive this economic crisis (and it is looking increasingly like we will, although the end of JobKeeper at the end of the month will be a setback) it will in large measure be because this time we’ve had a real-time picture on what’s been going on.
Last time, we were flying blind.
In what must have been one of the worst-timed decisions of an incoming government ever, in 2008 the newly-installed Rudd government slashed the budget of the Australian Bureau of Statistics ahead of the global financial crisis.
In its first budget it hacked A$28 million off ABS budget, and told it to work out what to cut.
London [UK], March 9 (ANI): India's economy should come roaring back to life in 2021 after a recession induced by COVID-19 and allow the country to reclaim its status as the fastest-growing major economy if the OECD projection of 12.6 per cent expansion in GDP is realised, according to a report by CNN Business on Tuesday.
The French economy will rebound strongly this year following a deep recession sparked by the Covid-19 epidemic, according to the country's central bank chief.