00 im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems with inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could ha this year will the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were read
Italy is expanding travel restrictions to the entire country locking down 60000000 people to try to contain the corona Virus Outbreak citizens have been told to stay at home and avoid all nonessential travel movement is only allowed for urgent work situations emergencies or Health Reasons the unprecedented move follows another spike in deaths from the virus despite a street or in teen and post in the north of italy for target me reports. Its a nice greater virus that demick already the 2nd most deadly after china has taken another dramatic turn with more than 60000000 people the countrys entire population under lockdown from tuesday. Prime minister does that make contact says hes extending restrictions on movement after another spike in deaths from the coronavirus all public gatherings all banned and schools and universities closed until april the 3rd. There will no longer be a red zone there will no longer be a lawn and zone 2 in the country there will only be its only a protected zon
Others its the only way to get a job despite the risks. Was an Army Bomb Disposal engineer in Helmand Province he knew the risks he was blinded in both eyes and lost a leg when a roadside device exploded as you try to defuse it i was aware of the danger of seeing friends wounded while working on mines i wasnt scared to lose an arm or a leg is a 2nd phase we have to make to serve this country. Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems where inside a lab thats working to find a vaccine to fight the virus that Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have bee