Gita Gopinath on the Great Lockdown, and how has COVID changed our view of risk: this week's World Vs Virus podcast
Gita Gopinath, Chief Economist, International Monetary Fund at Davos in January. Image: World Economic Forum/ Greg Beadl
- COVID-19 is very different from financial crash of 2008.
- Gopinath highlights need for strong public health and economic support.
- Also this week: what business leaders see as the biggest risks.
- Subscribe to the World Vs Virus on Apple, Soundcloud or Spotify get it every week.
Incredible: that's the word the IMF's chief economist uses to describe the impact of COVID-19 on the global economy.
"We call this the Great Lockdown, because, if you look around the world, the containment measures that have been put in place ... are generating the scale of contraction and activity that are just historical numbers."
The International Monetary Fund's Gita Gopinath tells this week's World Vs Virus podcast what's needed to climb out from the Great Lockdown, and the role globalization will play.
"This is a virus that doesn't respect borders," she tells World Vs Virus. "This requires global cooperation."
Have you read?
Risks
Also on the podcast, the COVID-19 Risks Outlook, a survey of some 350 business leaders tells us what they sees as the biggest threats from the pandemic.
Find all previous episodes of World Vs Virus here.
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