Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to suppor
Discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could hard this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to support growth the Federal Reserve cut rates by a half a percentage point its 1st emergency cut since the financial crisis in 2008 now whether Central Banks have the firepower after more than 700. 00 rate cuts and trillions in buying off the financial crisis is another question after all that it. The stock markets that benefited most from the rate cuts little trickle down into the real economy but unlike the 2008 crisis where banks needed a desperate infusi
00 im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems with inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could ha this year will the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were read
Discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to support growth the Federal Reserve cut rates by a half a percentage point its 1st emergency cut since the financial crisis in 2008. Now whether Central Banks have the firepower of the more than 700. 00 rate cuts and trillions in phone buying after the financial crisis is another question after all that it was the stock markets that benefited most from the rate cuts little trickle down into the real economy unlike the 2008 crisis where banks needed a desperate in
It in puzzle yourself its not easy to go to another country you know nothing about why for i dont do this because we cant stay on venezuela im not i dont know most of that. Closely global news that matters d. W. Made for mines. Africas new Health Challenge the coronavirus rears its ugly head in several african nations its already hit the continents Airline Industry with so many china flights cancelled now Border Security staff the screening of passengers we talked to an expert about the extent of africas exposure to the operate considering how strong its ties have grown to china and the growth ambitions of german travel giants to eat a little virus could get in the way. Ive been physical and lets do business the world health organization. Concerned about the increasing number of countries reporting coronavirus cases especially those with weak a Health Systems 7 countries in africa have recorded cases algeria senegal Egypt Nigeria morocco tunisia and south africa the last one being the