Have we redefined what tough times are?

(Image: Getty)

Tue, 03 Sep 2024

Lots of people are doing it tough, and that question in the headline is not meant to demean inflation’s ruthless impact – particularly on society's most vulnerable, whom the social safety net will need to support – or the pressure on businesses or the negative consequences of rising unemployment.I’m asking the question because I keep hearing how tough it is. Comparisons are being made between the current downturn and other severe ones, such as in the early 1990s, the global financial crisis (GFC), and the Asian crisi...

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