Economic recovery from covid19. Help developing nations recover from the economic fallout, and the longterm effects of children not attending inperson classes. This is an hour. Nd an alumna. Ceo a i have the pleasure of being your moderator today and joining you from my home country of trinidad and tobago. Before i introduce our speakers, a few words about todays of. Covid19 has overtaken the world. It has affected everything person in some way. And it is fundamentally changing societies, economies, and countries. Today we are here to understand the true impact, which is particularly devastating to developing countries and the most vulnerable communities women, youth, the elderly, and migrants. Most importantly, we are here to find innovative solutions. This the focus of the World Bank Annual meeting, which takes place starting the week of october 12 and convenience Global Leaders from governments, as mrs. , and civil society. Businesses, and civil societies. We will hear from the Worl
Financial leaders on the economic recovery from culinary to help developing nations recover from the pandemic follow and longterm impact of children not attending in person passing. This is one hour. I am ceo, i have the pleasure of being the moderator for today. This is precisely the focus of this Years World Bank annual meeting which will take place starting week of october 12 and convene Global Leaders from governments, business and civil society. To set the stage for the meeting will hear today from World Bank Group president David Malpass, and what it will take to tackle this crisis, and how we can turn this into an opportunity to build a path towards the resilient and includes a recovery. He will be joined in conversation with nils stieglitz, president of Frankfort School finance and management. But first well hear from doctor jens weidman, president of the Deutsche Bundesbank who join guest from his office in frankfort. He is been president of the German Central Bank since may 2
3 times wanted to still very much alive. Travel guides to specialists in germany. Where exactly. Learn a lot of cars culture history and. Travel extremely worth a visit. A ticking time bomb as the pandemic sparked a debt emergency across africa experts warn the continent recession could trigger a global explosion. In the fight against coronavirus germanys is expanding to give the firm a head start in vaccine production. And the fall of or the wind in south africa which is running again after idling and locked down. This is v. W. Business im going on in berlin thank you for joining us the world banks chief Economist Says its going to take 5 years for the Global Economy to recover from cove it Carmen Reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the Gross Domestic Product will fall 5. 2 percent this year they recommend governments focus on strengthening Health Services and providing Financial Suppo
And the most. Summer break. Is history. It is. Not going to. Come and. Probably including normal. This League Starts to temper the team on g. W. A ticking time bomb as the pandemic sparked a debt the across africa experts warn of the continents recession could trigger a global explosion. In the fight against coronavirus. The firm heads. Start in vaccine production. And its all aboard the wind in south africa which is running again after idling in lock down. This is v. W. Business im going on in berlin thank you for joining us the world banks chief Economist Says its going to take 5 years for the Global Economy to recover from colvin Carmen Reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the Gross Domestic Product will fall 5. 2 percent this year they recommend governments focus on strengthening Health Services and providing Financial Support to the private sector and citizens. But thats harder to d
Summer friday. Really extraordinary, like the thunder south of manhattan overnight. The thunder out of washington. I know we are talking china, but the republicans simply went down in flames yesterday. No other way to put it. Jonathan it doesnt look good not having a deal before the weekend. You need some kind of agreement within republicans for the weekend. We might not see it until monday. Not just the size difference between republicans and democrats. If it is just size, we can work some thing out. But if its concepts, we got a struggle. I think weve got a struggle on enhanced on it limit benefits. If this economy and the recovery is still constrained and people cant go back to work because these industries cant normalize, then you have got to have a tradeoff. If you want to remove those benefits, here is the tradeoff. You are going to have softer consumption through summer. Tom and big business this week, you see it in diminished revenues. It is a number you could never imagine. Th