Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters
Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

A V-shaped recovery in the global economy should not be feared

  • The burst of activity as economies in China, the US and the EU emerge from the coronavirus-induced lethargy raises hopes of a spectacular return to growth
  • As long as fiscal support holds up, paying particular attention to vulnerable groups, the dreaded double-dip recession can be fended off

Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters
Americans line up outside a Kentucky Career Centre hoping to find assistance with their unemployment claims in Frankfort, Kentucky, on June 18. US labour markets have recovered sharply in recent months, but September’s unemployment rate of 7.9 per cent is still more than double the 3.5 per cent cyclical low reached before the recession hit. Photo: Reuters
READ FULL ARTICLE