The corona virus pandemic which has caused a lockdown and mere halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 fall to minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time. This makes the Great Lockdown the last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below previous levels the comments come weeks after un secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w t o sai
This is boom bust the one business show you cant afford to miss branch boring washington coming up grim prospects have gotten even darker as the i. M. F. Has issued an outlook of the near future of the Global Economy and as the economic continues to sink poor nations are struggling to receive pandemic payments will break it all doubt plus. Endemic u. S. Markets are surging despite record unemployment claims and poor Bank Performance but why well bring in expert analysis straight ahead we have a packed show today lets go and dive right in. The corona virus pandemic. Which has caused a lockdown and mere halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 flaws to minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Divi
The corona virus pandemic which has caused a lockdown and mere halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full on to minus. 3 percent now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time. This makes the Great Lockdown the worst recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below previous levels the comments come weeks after u. N. Secretary general antonio terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w t
Lieu of people who have been told do not go outside this is crazy but heres what we want to do we want to start with Something Else i want to start with this what in the world i have to ask is going on with european carmakers who are being caught red handed lying and cheating what are they lying and cheating about car emissions its like if i sold you a car and i guaranteed you that it does not pollute the environment but it does. If you drive a Mercedes Benz this may have happened to you investigate or say the company produced to a t 2 180000 c class and class vehicles 280000 of these things that were outfitted with a little trick gadget that goes into the car to fool people into thinking that its not polluting when in fact it is essentially who they want to fool is the people who test the cars for emissions right the maker of mercedes has recalled 700000 cars and while the investigation of mercedes continues volkswagen is still reeling after they got caught pretty much doing the same
A growing public lockdown then over in the u. K. Parliament is closing a week early due to coronavirus fears this while a london court has denied bail for wiki leaks founder Julian Assange were going to discuss all right its time to boost your news i q. Kovac 19 again dominating headlines with now 170 countries and territories territories reporting new cases here are the latest numbers worldwide there are now more than 490000 confirmed cases and more than 22000 deaths and here stateside confirmed cases now topping 69000. 00 and deaths related to the virus over a 1000 and back here in washington d. C. After days of debate republicans and democrats came together. Pass the largest ever stimulus package for americans impacted by the coronavirus shutdown now this bill is heading over to the house and President Trump has already promised his signature arties Rachel Blevins is joining us live with a breakdown of whats exactly in this bill rachel well manella this gun and 11th hour vote is bei