This discussion was held by videoconference. Good morning, good afternoon and good evening depending on where you are. Thank you for joining us. Im Vice President of the Global Economy and Development Programs at brookings Global Economy. Disrupting billions of life and jeopardizing progress. The Global Economic process which relates to todays conversation from a five of present and global gdp in 2020. This is the cheapest global recession since world war ii. Its a report defined by fundamental drivers of longterm growth including investment which would slow capital formation. Beyond the headline Economic Growth number, the pandemic is having a proportionate effect lower Income Countries in a way the economy isd dominated most limited ability to adjust to covid related measures such as confinement. Similarly, most vulnerable population in the economy are more exposed. The pandemic is likely to leave a legacy of water inequality between and within countries. Disruptive of the pandemic f
No welcome to todays program u. S. China and pandemic in 1951 classic the day vrap stood still we were visited by an alien spacecraft in human form with a very sobering message. The movie concludes with World Leaders pondering their choice. It would be wonderful to believe whether in the form of a Global Pandemic or threat from outer space of the world would end differently but by the looks of things the rivalries and disputes will only grow certainly magnified in the time of the pandemic and they are likely to continue accelerating preexisting patterns and competition. Nowhere are those tensions more evident than u. S. Tensions with the rise in russia and a decline in china exerting themselves regionally and globally. It may well be that these three powers will be working by the current pandemic and to paraphrase Alexander Bonn off could it be an opportunity for growth in the sense of all the ability by three leaders focused on their own internal politics make us more not less eager t