Youth is faced with seemingly on some ounce of challenges Climate Change financial problems and now covert 19 honestly i dont envy young people these days the world has become so complicated almost hostile in this environment does todays use have a future and whats it going to look like after the pandemic generation lockdown our topic today on may to welcome now each generation has its challenges mine was faced with a cold war on the possibility of being wiped out in a nuclear war this doomsday scenario made planning for the future pointless instead we strove for selffulfillment after all who knows how much time we really have its actually not that dissimilar to todays millennialists but since the coronavirus pandemic hit they have gone from worrying about self realisation and Work Life Balance to trudi existential fias my colleague on explains. When i go into university 1st off to australia chase my dreams for the money i want all of this selffulfillment and a small Carbon Footprint i am a millennial. It was so interesting to hear so far through my lived experience im not sure thats true here wasnt really what we wanted to do before log down is now 6 granddad obsolete because the current right sorry guys that was preplanned demick me last year go back feels so long ago. Thats us generation y. Well maybe more like generation. Generation lockdown. My names leaders to harper. President of washington d. C. Im used to kind of handsome out of check check to check life so ive always had to read a side job simultaneously the problem with and then make is that its really just cut out all of my industry how i live down and who i actually live in the philippines when the band they make it an affiliate beings all of our where he had hidden from all my love is something like. Its all a laugh this. If they dont have a bet here for just joining the 1st line i was served by being but god made my back hurt my name its just mean it may not find its own and i am from mumbai i was looking to change my job back now with lockdown i cannot like the new interviews i cannot like study courses i am exactly at square one before the crisis some 67600000 young people between the ages of 15 and 24 were out of work as a result of the kinds of making thats increased to an estimated 328000000 so young people are being hit especially hard to do. Even before the democrats whom are swelling more than once and now its getting even worse all of us are getting fired its harder and harder to get into our 1st jobs and training and education have ground swell holes have got really great for our egos to be honest. Young people employed to be Informal Sector so without a contract i especially vulnerable africa 93 percent of young people work in the Informal Sector as too many in the Asia Pacific Region in arab states and in latin america. My generation is very self focused i think a lot generation is now to be more of the bo self involved i mean we didnt have to work full this security like alabamans generation and looking at society and community doesnt come naturally in my generation. Are going to feel passionate about work do something meaningful and work as flexibly as possible and if i want to. Fun of my job. And my boss has to play along because he needs me. But. Im kind of lost in any great help where are you when i need you it looks to me as if youre in a bad or am i seen famous was all over this today and theres one good thing about the pandemic i can work from home now all the time a bus that goes around from wherever i was check you have an activated the mute button. As you call it. We are told to work. Less i cant afford to live on my own like i have to live with roommates probably my whole way like i dont know there is definitely. Some about you need that with the monitoring i can see with that one the day when they need to lay out the moment should i write if we have less job security and we need money how are we expected to pay for them they dont know. Well its pretty clear that us melendez will suffer from this crisis but maybe we can also turn it into something positive generation for lets make the post pathetic world a better world. When its an old saying things usually get worse before they get better so before we can embark on making the world a better place im the knock down surely offers an opportunity for this we 1st have to deal with the fallout from the crisis the effects of the coronavirus pandemic already being felt on many Different Levels but above all the impact is financial with a rise in unemployment a downturn in consumer activity and the collapse of Certain Key Industries like Energy Interests and what economists have dumped the covert 19 recession might end quickly but it can still have long lasting consequences heres a look at some possible scenarios. The Global Economy has come to a screeching halt during the coronavirus pandemic a crisis like no other many fear for their jobs as companies go bust or stop investing people save their money and spend less worsening the downward spiral. Stock prices Interest Rates we jews and prices all tend to decline we are now in a global recession a recession is one phase of the Business Cycle that generally runs this way and economy recovers booms goes into recession hits bottom in a depression before recovering again. Many define a recession simply as 2 consecutive quarters of decline in g. D. P. Recessions can be over quite quickly but the consequences such as job losses can endure. The transition from recession to recovery can take different forms. A v. Shaped curve describes a sudden collapse followed by a rapid recovery thats the best Case Scenario with a you shaped curve the recovery takes longer government and central bank 8 need time to have an effect. An l. Shaped curve represents the most damaging scenario the economy does not pick up there is a prolonged to depression loss of confidence a wave of bankruptcy and massive unemployment as for germany estimates of how much the economy will shrink this year range from 6. 5 to 20 percent this is set to be germanys worst recession since the 2nd world war. And while this recession is hurting pretty much everyone University Students are in an especially bad place like to hold deserted libraries a shot and courses and exams take place online if at all. But students are also suffering financially germany for instance has nearly 3000000. 00 students and more than 2 thirds of them normally rely on part time jobs to get by but many of those jobs have been obliterated by the pandemic as a result almost 800000 students have lost their income its a situation that is even tougher for foreign students who have no family here to fall back on no job means its harder to afford Health Insurance many also face an uncertain visa status in many countries the u. S. For example is threatened to Deport International Students if they dont attend classes in person the situation is less daya for those doing the studies here in germany but they too need help. My life was great before the coronavirus came in she did too so i went out with my friends all the time we want shopping. My life was wonderful. The coronavirus is making me crazy i think its a disaster. Dave hi mike i best. Cave in is one of almost 400000 foreign students in germany shes been here for 2 and a half years now. Im k. V. And i come from come over you know im studying business informatics here in germany but the virus has turned my life upside down. Until march she also worked in an old peoples home but then locked down the restrictions and did that and her income dried up. But then im one last year hospice if i cant afford to pay my Health Insurance theyll tell the university which will tell the Immigration Office that. I could lose my residency status. Is very complicated. Bedlam was the use thing i could never imagine having to go home because i lost my fisa. That would be terrible my to get more. Many foreign students are facing all kinds of unexpected problems rosso Maria Ramirez is also studying in berlin but now shes back home and lima she went to see her family in february and got stuck there when per group went in the lockdown. My plan was to come back at the end of march. When i left berlin there only been 4 cases reported in all of germany. I told my friends at university that if things got bad they could come and join me in peru. Now. Im stuck. I didnt think the virus will come here too but then it did and it hit really hard. Shes studying geography and international development. Over the past few years shes done a lot of traveling including for her Field Research and her masters thesis. That was quite a different life compared to these past few weeks living with her parents and siblings and enough partment and lima. Weve been here at home together for more than 80 days going to harm the we cant visit anyone else. People are afraid to see each other. If i dont get back to germany by the end of august i could lose my status my work permit and my student visa. But thats because ill have been out of the country for more than 6 months. Or does good and then id have to prove again that i have enough money to finance my stay for at least 6 months. Or this and that would mean a deposit of 4000 euros. Fields but i dont have that much. And what if you really cant come back. Ross of aria is determined to complete her degree is a are you becoming more flexible. Yeah i think we Latin Americans are like that. If something doesnt work out we look for an alternative. Stays in touch by phone with her siblings who are also studying in europe she is almost run out of money she does her course work online but cant afford to do much else. Here had janja me. I would like to buy some new clothes for the summer. But because of the coronavirus is not so recently. I cant go to work. I havent got enough money to buy much. That makes up for a few little things. The German Government is providing interim Financial Aid to students and hardship including foreign students the maximum is 500. 00 euros a month probably not enough to tide her over. For. Well 500. 00 euros its a start but where is the money for this aid coming from our state coffers of the telsey not necessarily countries around the world are running up an astronomical amount of debt in a bid to safe their economies and who will get stuck paying back all that money right may well be down to the Younger Generation to pick up the pieces. Vast sums of being spent to bail out the ravaged economies hundreds of billions of euros in germany. In india. Probably in china. And in the United States trillions of. Governments have to borrow most of this money but who will pay the debt back. Todays elderly for todays young. Much public debt only comes to you decades later that means todays young will carry the can in many countries. There is already a shortage of jobs and training opportunities higher taxes and spending cuts are quite likely in the future so are todays materials the main losers in the Coronavirus Crisis. Not necessarily they might also stand to benefit if investment is focused on shaping the future. Education digitalisation. Environmental protection. If firms are kept going through the process jobs should become available again holders of government bonds should eventually get paid out todays young will inherit public debt but some of them will also inherit government bonds so members of the same generation will be paying each other back foot. If an economy grows strongly repaying that wont be a huge problem. Protracted crisis by contrast would be a disaster. Inflation bankruptcies mass unemployment would be much worse for coming generations than inheriting a pile of public debt. Now that in the midst of every crisis lies great opportunity thats a quote attributed to einstein a genius so he should know so wheres the upside to this pandemic if you work in the digital sector you may be feeling it Digital Services are in huge demand these days and those providers are busier than ever while others are struggling what does it feel like to be on the winning side we met up with young entrepreneurs in johannesburg. So itll the former home of Nelson Mandela is usually a tourist magnet but since the Coronavirus Crisis the streets have been cleared and the Stores Closed standing in front of his empty shop causa feels completely helpless. The. Business. Business basically. Its come. Crashing down. So that. Its a devastating situation for young entrepreneurs state support is only available for Large Companies experts predict youth unemployment will rise even more this year. But those who will set up Digital Business models before the crisis are in a much better position to ride out the shutdown like yoga teacher and influence to the Malo Sylacauga 4 years ago to demolish started to live stream her daily practice sessions since the lock down her number of viewers has skyrocketed. To more than 4 wasnt because not its not a musician and the instructor. Both markets are interactive because people are looking for music and some people want to stay healthy so in general for me i think its been good and more so right now given. Around 1000 people tune in every day the training sessions are free for everyone to mellow earns money by promoting a clothing label which she wears during the sessions to mallow isnt the only one who is making the most of her Digital Business. Is also exploring the possibilities that live for. Together with other artists like cujo is developing a new commercial for him and. Hes certain that this technology is a growing trend that will last long after the cold beats 90 crisis to him the possibilities are endless im looking forward to having like a live concert. Live concerts where you can actually purchase a ticket and have some kind of code that you put in just to get to your products you know and things are definitely. In march south africas 1st cyber party took place it was a huge success well the lineup featuring many popular musicians and deejays a mammoth 700000 listeners to the online events. But for many young people who are losing their income this offers little solace expensive internet rates and poor connectivity mean that everyone can simply go digital still calls in so little is trying to make the best of things he started marketing his clothes over whats up and facebook he says the crisis has made him rethink the way. It is. When it comes to. Getting out of your comfort zone. And trying to make it. Make something out of nothing i think. Its all about how you. Feel. Theres still room for improvement he sold just 2 pieces so far but calls are ses he want to let the virus win like many others hes in this for the long haul. Thats the right spirit that its all about having the right attitude especially in times of crisis it is something many of us ought to learn because the coronavirus pandemics might be the 1st real crisis weve lived through but all the generations before us also had bass share of troubles so how did they cope my colleague or left went to his mother for advice. This one is it was its a completely new experience. Im alone. House i can only go out if absolutely necessary. And also how can i cope. Mama Mama Knows Best i ask her. If. I can be fine she always has advice for me come on that. And shed have an answer this time to my mother and my mom always say son sit up straight even now you. Sit up straight. With you its a great opportunity to sit up straight for a few days if you cant go out. On what is not my mother grew up in the country on a farm shes worked hard all her life shes always well dressed she likes red lipstick there are a lot of photos so for with red lipstick. She has a branded fish it doesnt go with fish she says she loves brussels sprouts you have to do she has lived through so much wall in crisis. And she was and is always so calm. And were dressed. Ok projects have been canceled or postponed you can be angry about that you have a right to be angry all of us like mother would say this yes its really awful another time of secretary rices its not the 1st time shes had to make sacrifices she doesnt say god its so terrible what can we do you. Instead she says and we wait it out and then carry on and we grow and the protests like that sort of special quality of hearse and if i have learnt one thing from mama gets to not stand still but instead see the opportunity to do things differently this crisis is changing so much how we communicate how we manage projects solves really for many of us its a great opportunity to do something you always want to but never dare to you up to now now is your chance and this crisis opened up or a singing. Opera singer. Hes got a concious mama right now were getting her it would be too dangerous but she takes that in stride to. Me i miss her she misses me but if she keeps on saying thats just the way it has to be for now. A phone twice a day every day. So look after each other or from one another down then we have gained something from the crisis. Good advice and yes being a hopeless optimist myself i agree its pace to remain optimistic while the well young all old were all in this together thats all from mates this week thanks for joining us. To. Go africa. And digitalization in the pandemic. And online Payment System has gone from london. Motorcycle taxis back on the road after a months long drive. Now the customers pay for the ride without cash. Africa. 13 its time. We know that this is a scary time for the coronavirus is changing the world changing. So please take care of yourself keep your distance wash your hands if you can stay at how we deal with you are here for we are working tirelessly to keep you informed on all of our platforms were all in t