Who will pay for the financial fallout of the coronavirus pandemic? I Inside Story
Most economists agree the coronavirus pandemic has pushed the world into recession.
Trade and business abruptly stopped when billions of people were told to stay at home.
Governments are pledging huge stimulus packages to try and reduce the damage.
The International Monetary Fund warns the world is facing the worst economic crisis since the Great Depression in the 1930’s.
The IMF’s Managing Director says governments have already committed around eight trillion dollars worldwide.
But how will we repay these massive bailouts?
Presenter: Bernard Smith
Vicky Pryce – Chief Economic Adviser, Centre for Economic Business and Research in the UK.
Hosuk Lee-Makiyama – Director, European Centre for International Political Economy
Greg Swenson – Founding Partner, Brigg Macadam investment bankers
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