Around the world as manufacturing grinds to a halt in many sectors as businesses are forced to close the Economic Impact of the covert crisis is biting the i. M. F. Issues regular reports on the Global Financial situation 3 months ago they were predicting widespread growth for one of us has radically changed the landscape we are projecting Global Growth in 20224 to minus. 3 percent now this is a downgrade of 6. 3 Percentage Points from jan return to 20 a Major Division or a very short period of time this makes the great lock down the worst recession since the Great Depression and far worse than the Global Financial crises. One of the biggest drops will come a new unit paean euro zone which is expected to take a hit of 7. 5 percent the u. S. Where the president is pushing to reopen the economy is looking at a contraction of nearly 6 percent japan 5. 2 percent down the same as latin america in china where the pandemic began and has begun to reopen its economy its expected to record growt
To get going again not all states are the same theyre very different some are having very little problem some of done such a good job they have very little problem and theyre ready to go new york is still the front line of the pandemic in the u. S. But the highest number of reported infections and deaths and even though new infections seem to have slowed in recent days hospitals there are stretched to breaking point talk to particularly is an internal medicines hospitalist in new york city he says the virus is far more contagious than many believe. I came across information maybe a month ago or so that really had a lot of the very Accurate Information about this virus recognizing this as a pandemic long before the even the w. H. O. Had and you know knowing that the casualty numbers were under reported and i think a big part was that the asymptomatic carriers were very contagious the sources knew this much before the i guess the the w. H. O. Or c. D. C. I think with the information the
An amazing crowd. We had to turn away a good 50 people or more. There is a briefing on u. S. And it is part of a National History center bringing historical perspectives to Current Issues that have confronted congress. It is a political position. It is nonpartisan. It is intended to inform policymakers in public about the sorts of finishes theyre dealing with. I want to give a few thanks to the melon foundation. I also want to thank our assistance jeffrey who is outside of this room for helping make the arrangements. I want to thank the off the of gerry connolly. I want to explain why there was index cards on your seats. We will get questions, answer questions, but we would like you to write those questions on the index cards. So keep them ready and jot down questions when they come to mind. Everyone out there that supports the National Historic center and thank you for coming to the event. We have to get you information about professional organizations like schaffer. Panel rooms are f
Confronting congress and the nation. The purpose of the program is not to provide or advocate for any particular political positi position. It is nonpartisan. It is intended to inform policymakers and the public about the sorts of issues they are dealing with. I want to first give a few thanks first to the Melon Foundation for providing the funding that makes these briefings possible. I also want to thank our assistant jeffrey who is outside this room for helping to make the arrangements. I want to thank the office of Jerry Connolly which booked the room. And i want to remind or explain why there were index cards on your seats and why i passed other index cards around. What we will do after the presentations by the speakers we will get questions, answer questions, but we would like you to write those questions on the index cards rather than ask them in front of the audience. Keep your index cards ready and jot down questions when they come to mind. And so now i will turn this over to m
That House Democrats may be too afraid, too afraid to transmit their shoddy work product to the senate. Mr. President , looks like the prosecutors are getting cold feet. Neil whether it is cold feet or whatever, the fact of the matter, it is unusual, not unprecedented for the house after impeaching to say, wait a minute, well see exactly what the senate plans to do before we pass along the articles of impeachment to the senate. Wall street journal Global Economics editor jon hilsenrath, democratic strategist capri cafaro, exactly how long the markets will ignore this uncertainty. It is rather remarkable, if you think about it, jon, by and large, actually throughout this process the markets have focused on everything from trade, corporate earnings, the strength of the consumer, the market, housing, not a one, not a one on impeachment. What do you make of that . Well i mean i think the market sees an economy that is doing pretty well. Were going, were in our 11th year of economic expansi