It will be good. To see. After months of antigovernment protests and Political Uncertainty iraq is now grappling with the worst fiscal crisis in decades. Iraqs economy and state budgets are heavily reliant on oil income and have been hit hard by the sharp decline in Global Oil Prices the world bank has projected g. D. P. To contract by 9. 7 percent of the fiscal deficit expected to reach almost 30 percent of g. D. P. Iraqs newly appointed government led by most of the me is now faced with the challenging task of implementing long overdue Structural Reforms such as reducing Public Sector employment while also keeping popular unrest at bay im so want to get out as iraqs fiscal crisis deepens we ask what needs to be done to address it and how can the new government overcome entrenched political interests that oppose reform while also winning over a public that has lost trust in the political establishment. The World Bank Special representative to iraq talks to aljazeera. Special represent
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This is really a government mandated cessation of business. While governments are forcing businesses to lucked out and people to stay at home, basically, it is incumbent o
Downing street. Lawrence the cat, move over. Francine just an hour ago, the Prime Minister Boris Johnson announced the healthy arrival of a brandnew baby boy. Baby johnson was delivered safely this morning. We do not have a name or photo, but there is a lot of messages of joy from people across the world because Boris Johnson is or g20y leader of the g7 to catch coronavirus quite badly, needing almost four days in intensive care just two or three weeks ago. Tom i have been watching the glideh give us the path. Give us the update on milan. His the virus done in italy is the virus done in italy . Francine this is something variola just with virologys with the heads of state are trying to figure out. New zealand, they have only had 19 deaths. It is difficult to have a complete walk down. Lets say you flatten the curve. Keep people and lockdown forever. If you are in a region that is part of a bigger country, it is much more difficult to find the right balance of not hurting the number of
What companies to watch . The roundtable looks a little different this week in order to be safe. We are staying away from each other but we are all here. Joining me from afar ben levisohn, carleton english, and jack hough. We are running out of negative superlatives to describe was going on the market right now. Set aside the human toll which is hard to fathom, walking through manhattan and seeing all the store closed. Markets alone, s p 500 closed down 17 on the week even worse than last weeks horrible performance. What you look at question work. We are just try to find a bottom here. Look like we mightve had when earlier this week but did not hold. Gerry 2350 was whatever but is watching. Smack that was not too far below that but we are now seeing what is the next level down . Wheres the marketing to try to find support . There are some things out there that are slightly optimistic. For one, its been hitting highs in most every day vicks is a measure of volatility in the market. Its
What companies to watch . The roundtable looks a little different this week in order to be safe. We are staying away from each other but we are all here. Joining me from afar ben levisohn, carleton english, and jack hough. We are running out of negative superlatives to describe was going on the market right now. Set aside the human toll which is hard to fathom, walking through manhattan and seeing all the store closed. Markets alone, s p 500 closed down 17 on the week even worse than last weeks horrible performance. What you look at question work. We are just try to find a bottom here. Look like we mightve had when earlier this week but did not hold. Gerry 2350 was whatever but is watching. Smack that was not too far below that but we are now seeing what is the next level down . Wheres the marketing to try to find support . There are some things out there that are slightly optimistic. For one, its been hitting highs in most every day vicks is a measure of volatility in the market. Its