Who will pay for economic fallout from coronavirus pandemic?
Governments pledge trillions of dollars to keep economies afloat but how will we repay these massive bailouts?
Most economists agree the coronavirus pandemic has pushed the world into near recession.
Trade and business stopped abruptly when billions of people were told to stay home in an effort to curb the spread of COVID-19, the disease caused by the virus.
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Why is the US economy so resilient?
Governments are pledging huge stimulus packages to try and reduce the damage.
The International Monetary Fund (IMF) warns the world is facing the worst economic crisis since the Great Depression in the 1930s.
The IMF’s managing director said governments have already committed about $8 trillion worldwide.
But how will we repay these massive bailouts?
Presenter: Bernard Smith
Guests:
Vicky Pryce – chief economic adviser, Centre for Economic Business and Research in the UK
Hosuk Lee-Makiyama – director, European Centre for International Political Economy
Greg Swenson – founding partner, Brigg Macadam investment bankers
Published On 11 Apr 2020