The differences between the COVID-19 crisis and The Great Depression | AMP Capital
The differences between the COVID-19 crisis and The Great Depression The substantial slump in economic activity triggered by COVID-19, coupled with images of Australians queuing around the block for Centrelink payments, has made some fear The Great Depression II. The optics might be alarming, but the parallels are not particularly strong. Every Australian knows someone, or is someone, who has lost a job, a tenant, a place to live. This is an entirely unfamiliar experience …