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Joanna

@joa71

Where to find the opportunities in a recession

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 jobs. Redesigning city centres are very labour intensive and will employ lots of people who can learn skills.
  • One of the things the pandemic has done is exposed the inequality that exists. Recovery creates an opportunity to address inequalities. For example, New Zealand is making progress in not assuming that economic growth means everyone gets wealthier. They say it should be measured based on human wellbeing and welfare.

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Is there such a thing as a ‘good’ or ‘bad’ recession?

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