Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters
Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Coronavirus recovery: Unemployment crisis calls for new policy focus

  • Previous fixations on deficit reduction and inflation targeting are no longer fit for purpose in a world of crumbling job prospects and rising unemployment
  • Governments must focus on job creation initiatives and look out for workers’ rights when firms attempt to cut labour costs and put profits above people

Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters
Hundreds of people line up outside a Kentucky career centre hoping to find help with their unemployment claim in Frankfort, Kentucky, on June 18. Worst-case scenario projections suggest unemployment could reach a peak of 12.5 per cent across the world’s most developed economies this year. Photo: Reuters
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.