Data Science in the News #5: Economic impacts of COVID19 & policy responses

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Data Science in the News brings together a panel of expert researchers to share their insights into COVID-19 with a data science lens.

About this event

The economic impact of COVID-19 and the likely short and long run economic impacts of the policy responses to it

This expert panel of researchers will share how data science can provide insights into COVID-19. This will be followed by a Q&A session.

This will be an online event only. Zoom link will be emailed to registrants on the day of the event

Moderator:

Emeritus Professor Allan Layton - VP Resourcing and Development, Queensland Academy of Arts and Sciences.

Panelists:

Professor Tony Makin - Professor of Economics, Griffith Business School

Professor Pascalis Raimondos – Head of School, Economics and Finance, QUT Business School

Danielle Wood – Budget Policy Program Director, Grattan Institute

Gene Tunny - Director, Adept Economics

More about the Panel Session Topics:

Professor Tony Makin - COVID-19: The Macroeconomic Response, Recovery and Repercussions

The COVID-19 crisis has had a massive macroeconomic impact. How sound were the economic policy responses to it with reference to Australian and overseas experience? And how will Australian governments, federal and State, need to strengthen their economic reform agendas to cope with the virus’ threatening economic legacy?

Professor Pascalis Raimondos - The aftermath of COVID-19: are we in a global recession?

During GFC trade fall by 13% and was called the Great Trade Collapse. COVID-19 is currently predicted to create a 13%-32% drop in trade. Just as trade never rebounded to its pre-2009 levels, trade is likely to settle to an even smaller growth after this 2020 period. Such a drop will delay recovery around the world.

Danielle Wood - Managing the transition: fiscal policy in the recovery phase

The health response to COVID-19 has led to a swift and sharp contraction in the Australian economy. Incomes are being supported through significant fiscal measures including the JobSeeker and JobKeeper programs. What happens when these programs end? What is the best way to transition the economy? And how will we pay for it?

Gene Tunny - Short-run and long-run impacts of COVID-19 on Queensland's regions

This presentation will provide an overview of the likely short-run and long-run impacts on Queensland's diverse regional economies, including Brisbane, Townsville, Cairns, Gold Coast, and the Darling Downs, among others. Consideration will be given to how different industries, such as tourism/hospitality, agribusiness, and retail will be affected.

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