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
Economic front. P equities, that is a lie, calculated it. He said after 10 different quarters of gains in the s p was always followed up another 5 to 10 gain in the next quarter. Having off the strong secondquarter boats well is well. R bodes positive quarters could still lie ahead. Romaine referring to pd, one of the many people behind the scenes who keeps this program looking smart and feeling smart. Eaton vance codirector still with us. Thank you for being patient. Talk to me about volatility. We have seen the vix come down from the highs. It is not back down to precovid19 levels, but definitely there is a lot of calm in markets i think would be an encouraging sign. Absolutely. We started the year only looked at the vix, someone called it we began as a teenager and it quickly began to be over 80 over a short time. We are looking at this 30 level, that is good because it bodes well for the sentiment and calmer markets and individual idiosyncratic stories. That being said, i think the
We travel to bryanCollege Station texas. Coming up will feature the citys local authors including Nikki Van Hightower. Then 12 minutes would visit the museum of the american g. I. And about the role Elvis Presley played in the Cold War Army in the 1950s. Later in about 45 minutes the story of the the hello girls of world war i. We begin our special feature with the mayors of bryan and College Station. One of the wonderful thinks about bryanCollege Station come get to cities, one community. The universe you start in the 1870s, the city of brian start a couple years before. Really right after the civil war. There was a railroad from houston that was marching its way here come stop before the civil war and then after the civil war it continued on and brian for the first years after the civil war struggled to get it selfcreated but was able to do that. In 1876 the University Got its first six students and the city of brian was really getting going and airy you see around us today are still
Along with dirty jobs host mike rowe participated in a discussion on the 2020 outlook at an American Petroleum substitu Institute Conference in washington, d. C. This is 45 minutes. Ladies and gentlemen, please welcome our future of energy pan panelistist, general president of Labor International union of north America Terry osullivan. President and ceo of Small Business and Entrepreneurship Council Karen Kerrigan, president of Petroleum Equipment and Services Association leslie byer. Skills raid advocate and television host, mike rowe. And our panel moderator, api Senior Vice President of Global Industry services, debra phillips. Well, good afternoon, everyone. Im Deborah Phillips and i run a part of api that mike and megan have mentioned earlier today but not many know much about. Our 120 employees, and more than 7,000 volunteers worldwide developed standards and programs that drive safety, environmental performance, sustainability, and Energy Efficiency throughout the oil and gas in