Unemployment which then snowballed into lower income decrease Discretionary Spending which then repeats and feedbacks into the chain in a form of slowing demand so its a vicious cycle thats very hard to control once again some mentum the other part of that is that you have entire industries that are on the brink of collapse and theyve been levered to help bring on cheap corporate debt now of course were talking about the oil and Energy Sector hit one of the icons of america well we can also be talking about that big economy the gate and share to cop a sickly have your assets that valuation upwards of several billions of dollars but 0 assets so that economy has a collapse and the fact is it has no assets to back it up or doesnt own its cars being b. Doesnt own any of its real estate making it all the more painful and then finally lets not forget about trade International Trade accounts for a significant portion of the economy but now depend that make borders are sealed essential Industr
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 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 u. N. 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 said last week global trade will fall by between 13 and 32 percent this year alone now theres a lot of great down here so lets go ahead and bring in some expert analysis from cohost ben swann and christiane i guys thank you so much for joining us christy this contraction of Economic Growth is it simply because of supply chain slowdowns or are there entire industries th
The corona virus pandemic which has caused a lockdown and near 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. 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 pretty virus levels the comments come weeks after u. N. 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
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
Lets try to figure out what it could be done with and what im the son of a math teacher kicked out a foreign art school twice most of architecture lot of people telling me what i want could never be done and its my job to prove theyre wrong so youre right i think mean house and. You know yeah yeah so those i think i think its sort of interesting to make connections between art between design between architecture between technology and making new links in order to activate the world around us i think indeed when i was young when i was 16 my parents always suggest a truce if the jews are to science or i dont want to choose i want to do it all so maybe its more about trying to find the combination or making new connections between all those disciplines and be a hybrid of all i suppose thats the film of our time so you really do anything you want theres no limit to it you know when youre always sort of an amateur trying to become an expert and so youre driven by curiosity rather than defin