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
Plight of migrants and other People Living on the streets leading medical charity tells the scale of the problem. We have. On 500 people in the streets very bad. Condition of course. We have to have. Regard to. Hello there this is Art International from moscow welcome to the program which just turned 3 pm here. In place for you for the time being im kevin know it with my colleagues will be here with you every day at this time to update you on the latest in a full 30 minute world news round up. There are currently almost 400000 coronavirus cases worldwide with over 16000 deaths 100000 people have made recoveries. Right here in russia the total number of cases now has reached 495. 00 with 57. 00 new infections reported across the country the latest here from the capital is that president putin has met with the mayor of moscow earlier of the concerns that 500 people in self isolation may have caught the virus has been informed that russia must increase its quarantine control now it says t
The stay at home when you have no home to go to the place of migrants and other People Living on the streets leading medical charity tells of the scale of the problem. We have. Are 500 people in the streets in a very bad. Condition of course we have to have. Regard to. Hello this is out international from moscow welcome to the program for the pm here now this choose day. In place for you for the time being im kevin when im with my colleagues will be here with you every day at this time to update you on the latest in a full 30 minute world news around. There are currently almost 400000 coronavirus cases worldwide with over 16000 deaths 100000 people have made recoveries. So lets start with russia whats happening here at the moment the total number of cases has reached 495 with 57 new infections reported across the country this is the latest here in the capital meantime president putin has been visiting the construction site of a new hospital being built near moscow to tackle the flat of
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