As economic pain starts to bite worldwide tears of the coronavirus pandemic many countries are now beginning to ease lock downs and reopen their economies but what are the risks of what it saw from the Financial Impact of the pandemic this is inside story. Hello welcome to the program im Adrian Finnegan its been described as the great lock down by the International Monetary fund and it could have created the worst recession in nearly a century both rich and poor countries are affected by measures taken to control the coronavirus pandemic and governments are under pressure to stabilize markets and prevent job losses that are weighing Public Safety against restarting their economies although many countries are reopening stores and schools there are differences over where and when businesses can resume operations for many of the prospects that the world may be returning to normal is a relief but Health Experts say that relaxing too much too soon could trigger a 2nd wave of infections here
So weve seen a year on year 6. 8 percent drop in chinas g. D. P. Which is really significant and quite in line with peoples expectations analysts expectations because the current virus control measures that the government put in place for a few weeks in february and march really saw the economy come to a standstill factories were closed businesses were closed hundreds of millions of people were stuck in doors and just to unpack that figure a bit more also manufacturing vestment in the 1st quarter was down 25 percent year on year Infrastructure Investment also down 20 percent retail sales down 19 percent so really at the more when the government is doing all it can to get the economy restarted the National Bureau of statistics has said that the economy faces new difficulties and new challenges but the long term growth of the economy shouldnt be affected well at the moment there are questions as to whether that can be possible because this is really taking chinas economy is really taking
8 secretary general of the United Nations ban ki moon who was secretary general during the 2013 to 2016 evelyn epidemic he joins me via skype from seoul thank you so much of a coming on burn so before we get to the rest of the world how are you personally dealing with the quarantine and what advice would you in the center for global citizens that you had were advice would you give to people watching all around the world today are going to community crappers render spread nor can our congress in 1000 in this very timely remove the effect on the importance or i will alter has our Prime Minister headed and headed toward whole communities and toward now you want so i knew how the my business as a former as assessed 2nd general but more so doing in many different capacities. Dept a chair of g. L. Does as well as channel on the planet human scent of. Citizens and in fact ive been watching that to many what he does including to reach. Director jenna ted ted morse the dumb rachel has pranged u
As economic pain starts to bite worldwide here to the coronavirus pandemic many countries are now beginning to ease lock downs and reopen their economies but what are the risks of a blitz soften the Financial Impact of the pandemic this is inside story. Hello welcome to the program im Adrian Finnegan its been described as the Great Lockdown by the International Monetary fund and it could have created the worst recession in nearly a century both rich and poor countries are affected by measures taken to control the coronavirus pandemic and governments are under pressure to stabilize markets and prevent job losses that are weighing Public Safety against restarting their economies although many countries are reopening stores and schools there are differences over where and when businesses can resume operations for many of the prospects that the world may be returning to normal is a relief but Health Experts say that relaxing too much too soon could trigger a 2nd wave of infections heres a
Time United Nations walked a break or see our red. To have a grow one of governess a system we walk then of course you may do more to bank and the European Union banks and the region and african demand on banks African Union so there was a much much a creusa accordion issue in derry. Disses so one thing which i can tell you that we are missing at this time and. Combating koran by us all Climate Change we must. Tread on in partnership a key factor apparent beads of koreas success this time around with coronavirus is that it made big mistakes over the moon as an outbreak do you think thats one reason why south korea has been so successful theres not even a lockdown in south korea now this time i believe that my country. Korea has done remarkably well. Because. She purred and government i think we had no walking very very closely. People had. Trust and confidence in what government has been doing in the 1st time or. A message testing. For any potential. Keeper divorcing south korean gover