Economic cost is right now. Well this is a very good question and we are not so sure as you see it is a lot of them said and you cannot be cowards look where the plan and how theyre going to spread for how real the how widely so what we have done here and is too good to see now and its why and where he stays grossly and which it is today and in which case there will always be downgraded by point 5 Percentage Points can be at moments ago and one downside now you give my ribs but its low light was. Basic and do nothing really can you up and thats where we we can get by when things like this it up and certainty that we should not put it its a hit crises and its difficult taman measure which have an active impact on the economy to what 2 economies have to do because i know that Central Banks arent used to fighting off viruses now absolutely so Central Banks should send a signal that they stand with each latin that they can ensure Financial Stability we being awfully quick to teach and this. Government can do is i would say the other even more important because government cant ensure that people keep their tell that they keep some income in the same way with sex with it shouldnt be shocked at working schemes they get also ensure that. It through the night worse with value stats postponements and with diction but what were trying to do is give them the intel ball and policing measure so theyre going to act now the hospital thank you very much for joining us from the o. E. C. D. Thank you and lets bring in our financial correspondent in frankfurt now there he goes for a 2nd bring him back up guys tell us what do you think do Central Banks have the have the equipment to fight off a virus. You know they dont because they have the wrong kind of equipment they can fight off economic problems yes i agree with their own spin on that but this is a supply side problem at the moment mainly people would love to buy stuff and they have the money to buy stuff its not too high Interest Rates or too little liquidity too little cash in the market thats providing that its simply the coronavirus to quarantines the people who arent able to produce or are able to ship are preventing the logistics side from coming to fruition and what the Central Banks can do. Is side effects and after effects help mitigate the effects and help the people who are affected by this in the aftermath get credit for apps get bridge financing for lost revenues at the frankfurt stock exchange. So many countries are now trying to mitigate the effects of the virus on their economies but its mainly a supply issue in china as ali pointed out that leaves governments and Central Banks with only limited options. So far the German Economy appears to be running fairly smoothly despite the coronavirus but that could soon change coming because the struggling to sell vehicles in china supply chains are flagging and travel agents are all say feeling the pinch. The government has promised to help 1st struggling businesses. We are working closely with the affected companies in germany these are mainly import from china manufacturers which rely on supply parts weve set up a hotline and we also have ways to provide them with Financial Support and should serious up people set in officials have signaled that the government would be prepared to provide a broad economic stimulus package measures like tax cuts or short term compensation for workers that affected Companies Already under consideration the Italian Government is also determined to come to the aid of its economy and its planning to sign off on 3600000000 euros in emergency aid to sectors affected by the virus but to do this it needs the consent of the e. U. Commission thats because italy already has a high fiscal deficit on wednesday finance ministers from the e. U. And the g 7 countries will hold a telephone conference to discuss further measures to support the Global Economy its no surprise there are global shortages of vital medicines in some countries as a direct result of the outbreak Many InternationalDrug Companies rely heavily on chinese suppliers. This should be where an antidepressant is stored but the drug is currently not available from this pharmaceutical wholesaler in germany supplies have dried up and so it cant be delivered to pharmacies around 300 medicines are unavailable all scarce in germany including this vaccine and the spread of the corona virus could make things even worse. The potential problem with a virus in my opinion at least is that many products and active ingredients are manufactured in asia. If the corona virus becomes a pandemic i imagine well see more of a squeeze on pharmaceutical supplies then we already have. Many drugs used in europe and the world as a whole made in india site tech pharma is one of the countrys leading manufacturer is. Low wages have made india an attractive hub for the production of medicines. However not all a profitable to produce. With. The active ingredients can be very expensive but government policy demands the prices of finished products stay low. This discrepancy is causing problems for the Indian Pharma industry sometimes a particular drug simply becomes too expensive to make forcing some producers to close shop. The outbreak of the corona virus could dramatically reduce the number of medications india can produce thats because most of the active ingredients for drugs come from china. Are going to. Stops exporting these Raw Materials to india and 90 percent of indias pharmaceutical companies could close down some patients could even die as a result. Wholesalers such as found that people say they try to build up stops when drugs are available in larger quantities it helps them deal with supply shortages. There arent usually any advanced warnings about supply shortages so there is a political pressure on wholesalers to increase their stocks if i knew exactly what i should stock up on id be happy to do it but i dont want to take on a lot of risk after all medications are perishable goods or your votes of too many wholesalers are also keen to avoid the cost of additional Storage Space with corona virus continuing to spread it could become hard to keep pharmaceutical supply chains running. And officials have postponed thailands motorcycle due to the corona virus a day after the Season Opener in qatar was cancelled the time moto g. P. Brings in more than 19000000. 00 annually its the latest damage to thailands tourist reliant economy which is anticipated to take a hit of more than 8000000000. 00 due to the buyers. The report shows some of the worlds biggest brands are profiting from forced labor camps in china over 80 Companies Including apple nike b. M. W. And. Israel in Strategic Policy institute a state funded think tanks as tens of thousands of ethnic weak is forced to work in factories that supply them the report alleges that the workers were transferred from their home province of shin jiang to the plants in other parts of china officials have been turned about a 1000000 we get since 2017. Germany faces a shortage of a vote 1000000. 00 workers most of them Skilled Labor the government hopes and you lol which has now come into effect will help meet the growing to bat. These 2 specialists from abroad are working at an air conditioning firm called estie in potsdam near berlin so. From syria well mico barnett comes from poland they have the opportunity to meet economy minister peter whos just overseen a new law which should make immigration for skilled workers from non e. U. Countries much easier in future above all it will streamline the process. Make sure the visa application process is faster and that the process of recognising qualifications speeds up so people can actually work here. Technicians employed in the heating and air conditioning sector are a good example they belong to the socalled bottleneck professions where theres a major shortage all over germany including at this company. I could hire 10 people with these qualifications straight away we operate different areas in this company and each department could easily take 3 people. The new Immigration Law offers a ray of hope to make sure it has maximum impact germany is pushing the message as hard as a cat especially in countries where it is already proven successful by schmidts rising need to be a tape vietnam a lot of overseas workers in the former east germany in the 1980 s. Came from there and theres lots of links to the boat people refugees who came to west germany in the seventys are countries in latin america like mexico or brazil and then that. You buy shoes buys it makes you cool it up was a union you know from now on if they have the qualifications and can speak german workers can come to germany for 6 months to look for work that doesnt mean increased competition for trainees already here the demand for skilled workers a so great theyll be enough jobs for all of them in germany for the forseeable future. I had to learn german as well it was alright it was pretty actually nice doing business with it. Were all set. To go beyond the obvious. Missile that marine live. As we take on the world. Were all about the stories that matter to your country. What ever it takes running not. W. Made for mines. Im not laughing at them i just sometimes i am but i stand up and whimper that the general thinks he can for gemma culture of looking at the stereotypes aquatics that he is thinking the future of the country guy not. Yet needed to be taken his grandmother day out to meet us its all about. Bob i might show join me for me and jenna sunday to be a. Post. They were forced into a nameless mass. Of their bodies mere tools of. The history of the slave trade is africas history. To describe something for power and profit plummeted an entire continent into chaos and violence. The slave system created the greatest planned accumulation of wealth the world had ever seen up to that moment in time. This is the journey back into the history of slavery the thing will truly be making progress when we all accept the used to have slavery as all of our history. Our documentary she slavery routes starts march 9th on g. W. Pick up the. Slack. So this is good a way to use life for a whirlwind of border crisis tells us of migrants makes their way to europe after turkey opens its borders but many of them are met with tear gas from greek Police European leaders say the continents borders will wear may close as they brace for a new wave of refugees from war torn syria and