Supply shock

• A recession is "good" or "bad," depending on who it impacts and how badly it affects them.
• In the last thirty years, a recession has come and gone somewhere in the world every few years.
• Globally, economies are in recession 10-12% of the time.
• Economic booms are j...

Demand shocks occur when the demand for products drops as people stop earning money. A tactic to fix this is to stimulate the economy. In 2008, Australia gave households cash and encouraged them to spend to jumpstart the economy.

In 2020, the problem is also a lac...

Now is a good time to fix parts of the economy we don't like as part of the recovery.

• The recession might give opportunity to take meaningful action on climate change. Germany set aside one-third of its recovery plan for green investments.
• Greening the economy will increase ...

• Banks are better able to handle a financial crisis than a decade ago. The 2008 recession was about the housing market and shares, which affected higher income groups.
• The present crisis seems to be hitting the lower-income groups, the vulnerable workers, young, and less skilled. It...