Them away we have a special report. And spains former King Juan Carlos is set to a fled the country amid a corruption probe hes accused of taking millions of dollars in kickbacks from a Saudi Arabian Railway Project. I am. Im so much god im glad you could join us will there be a 2nd wave of covert 19 in germany ahead of the german Doctors Union says it is already here and a newspaper interview susana join us said there was a danger germany would fritter away the success if it changed so far the number of cases has risen steadily in recent weeks with over 870 new infections counted on tuesday said hospitals were prepared but urged people to stick to social distancing and hygiene rules and to wear masks. Lets get some perspective on this story now we have toby escorts with us hes a professor of Public Health in epidemiology and director of the institute of Public Health at the berlin b. S. Good to have you with us do you agree with the head of the Doctors Union are we seeing that 2nd wav
Its early success in fighting the outbreak clips in where in the world is one congress after space former king leaves the country amid a corruption probe well get an update on where the royal may have run. My life thank you so much for your Company Everyone we begin this broadcast in bolivia which finds its which finds itself rather in the region at the epicenter of the global corona virus pandemic the countrys Health Care System there is overwhelmed by the spread of the disease most of the more than 80000 infections are in the capital la paz where hospitals laboratories and Funeral Homes are on the brink of collapse and just 5 days the police collected more than 140 bodies from the streets. In this car a 68 year old man has died as a result of kovac 19 he never made it to hospital just a few hours earlier a friend and Family Members had tried to get him help at 5 medical centers but they were denied. Because all the hospitals are full we were sent to the hospitals in la porte and in q
Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Affected companies and disrupted billions of lives and jeopardize development process. The june edition of the world banks Global Economic prospects which motivates todays conversation and visions a 5 1 4 percent construction in global gdp in 2020. This is a different recession sinceworld war ii. And a drop in capital incomes since 1870 and it is a timely and vigorous report informed by an assessment of the fundamental drivers of longterm growth includingthe collapsing investments which will slow capital formation. And the dislocation of trade and supply linkages among others. Beyond the headline Economic Growth numbers the pandemic is having a disproportionate effect on low Income Countries where the dependence on commodity prices, food is the largest and in a way economies are dominated by the factor with which lowers its ability to adjust to measure such as confinement similarly, the most vulnerable populations in the advanced economies are relatively more exports as such a pandemic
Where you are. Thank you for joining us for this Virtual Event on the po postcovid global outlook. Im a senior fellow and vicepresident of the economy and Development Program at brookings. The Global Economy is sharp, unprecedented in its depth. And the pandemic and responses have brought countries and economies to a standstill disrupting billions of lives and jeopardizing decades of development progress. The june edition of the World Bank Global economic prospects which motivates todays conversations envisions a 5 1 4 contraction of global gdp in 2020. This is the deepest global recession since world war ii and the largest collapse in per capita income since 1870. Its a timely report thats informed by assessment of the fundamental drivers of longterm growth, including the collapsing investments which will slow capital formations and in Human Capital and the location of trade and supply linkages among others. The pandemic is having a proportionate effect on lower Income Countries where