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Business Daily: Coronavirus: Global recession?

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05/03/2020 GMT

Coronavirus: Global recession?

BBC World Service - Business Daily, Coronavirus: Global recession?

Could the disruption caused by the pandemic push the world into technical recession?

Central banks rush to provide liquidity as economists fear the disruption from the coronavirus outbreak could push the world into technical recession.

Central banks are rushing to provide liquidity as many fear that the disruption from the coronavirus outbreak could push the world into technical recession.

We hear from a host of eminent economists trying to navigate the uncertainty: Sarah Bloom Raskin, deputy secretary to the Treasury under US President Barack Obama; former ECB chief economist Peter Praet; and Cornell University professor of trade policy Eswar Prasad.

Plus Ed Butler looks at one of the industries feeling the most pain - airlines. Peter Morris of the aviation consultancy Ascend by Cirium says that while the long-term growth outlook remains strong, some carriers may struggle to survive the plethora of flight cancellations over the next few months.

And what does it mean for China, the epicentre of the outbreak? China consultant Diana Choyleva of Enodo Economics says it could prove a heavy blow, coming at a time of trade tensions and a general slowdown in exports.

Producer: Stephen Ryan

(Picture: A Kuwaiti trader wearing a protective mask at the Kuwait stock exchange during the coronavirus pandemic; Credit: Yasser al-Zayyat/AFP via Getty Images)

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