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The Real Story: Coronavirus: The economic crisis

Factual

Coronavirus: the economic crisis

20/03/2020 GMT

Coronavirus: The economic crisis

BBC World Service - The Real Story, Coronavirus: The economic crisis

Just how bad will the downturn be and can anything be done to soften the blow?

People around the world are facing severe economic problems because of the coronavirus.. The global shutdown has sent stock prices plunging as workers and customers stay at home. The world’s governments are having to mount an economic response unimaginable just weeks ago. The US has promised close to a trillion dollars of stimulus money. In Europe - the French government is adding a fifty billion dollar economic aid package to the three hundred and thirty billion dollars of loan guarantees for banks. The UK has unveiled similar measures. But will it be enough? The mayor of New York, Bill de Blasio has likened the impact of the outbreak to the Great Depression. So, who in the economy is most vulnerable, what measures will make a difference – and have policy makers failed to prepare the world for a crisis of this magnitude? Join Ritula Shah and a panel of expert guests as they discuss the impact of coronavirus on the global economy.

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