[Global Insight] World economy, industries already changing amid COVID-19
- 4 years ago
코로나 강타 이후, 세계 경제 지각변동 시작됐다
We start a discussion on an issue making headlines.
The world faces an unprecedented economic crisis as shops and businesses, factories and entire communities have been put under lockdown due to the coronavirus pandemic.
Governments are doing their best to cushion the blow and keep their economies intact, but many people say things won't be going back to normal... even when this pandemic is over.
According to them we are in a "new normal."
To see how economies and industries across the world are already shifting to this new reality, we connect with
Dr. Larry Samuelson, Professor of Economics at Yale University, Tony NASH, CEO and Founder of Complete Intelligence, and Dr. Graham Ong-Webb who joins us from Singapore's Nanyang University.
1. Dr. Samuelson: Which industries will struggle to recover after the pandemic, even despite the huge sums of money being poured into them to try and keep them afloat?
2. Mr Nash: So far the Federal Reserve has fired up the printing presses to a level never before seen in history, and Congress has approved trillions in dollars in aid. But can we really expect benefit checks to keep flowing to unemployed Americans until we have a vaccine?
3. Dr. Ong-Webb: The European Union has agreed on a 500 billion dollar stimulus plan to protect workers, businesses and nations in light of the pandemic. But they haven't been able to agree on issuing debt to raise long-term finance for the region. What do you make of the deal - is it enough?
4. Mr. Nash: China has restarted its economy,... factories are back online and lockdowns on cities have been eased, even in Wuhan. But with the rest of the world closed for business, many say it's in for a second supply shock. What's your take?
5. Dr. Samuelson: Some say China could employ what some call debt trap diplomacy, either by seizing other countries’ assets or forgiving debt to boost its soft power. Could this change the world order?
6. Dr. Ong-Webb: How do you expect the trade tug of war between the U.S. and China to play out, especially as their bilateral relations worsen because of the COVID-19 pandemic?
7. Mr. Nash: Some say there could be a rebound in the latter half of the year. When do you think the worst will be over?
8. Dr. Ong-Webb: How do you see the South Korean economy faring throughout this crisis?
9. Dr. Samuelson: Whole industries are being disrupted and millions of jobs have been lost, perhaps for good. It's unclear whether a recovery will be possible for everyone. What should governments do to further support households and individuals worst affected by this crisis?
That's all we have time for today. It's been a great discussion. Thank you Dr. Larry Samuelson in Connecticut, Mr. Tony Nash in Texas and Dr. Graham Ong-Webb joining us from Singapore.
We start a discussion on an issue making headlines.
The world faces an unprecedented economic crisis as shops and businesses, factories and entire communities have been put under lockdown due to the coronavirus pandemic.
Governments are doing their best to cushion the blow and keep their economies intact, but many people say things won't be going back to normal... even when this pandemic is over.
According to them we are in a "new normal."
To see how economies and industries across the world are already shifting to this new reality, we connect with
Dr. Larry Samuelson, Professor of Economics at Yale University, Tony NASH, CEO and Founder of Complete Intelligence, and Dr. Graham Ong-Webb who joins us from Singapore's Nanyang University.
1. Dr. Samuelson: Which industries will struggle to recover after the pandemic, even despite the huge sums of money being poured into them to try and keep them afloat?
2. Mr Nash: So far the Federal Reserve has fired up the printing presses to a level never before seen in history, and Congress has approved trillions in dollars in aid. But can we really expect benefit checks to keep flowing to unemployed Americans until we have a vaccine?
3. Dr. Ong-Webb: The European Union has agreed on a 500 billion dollar stimulus plan to protect workers, businesses and nations in light of the pandemic. But they haven't been able to agree on issuing debt to raise long-term finance for the region. What do you make of the deal - is it enough?
4. Mr. Nash: China has restarted its economy,... factories are back online and lockdowns on cities have been eased, even in Wuhan. But with the rest of the world closed for business, many say it's in for a second supply shock. What's your take?
5. Dr. Samuelson: Some say China could employ what some call debt trap diplomacy, either by seizing other countries’ assets or forgiving debt to boost its soft power. Could this change the world order?
6. Dr. Ong-Webb: How do you expect the trade tug of war between the U.S. and China to play out, especially as their bilateral relations worsen because of the COVID-19 pandemic?
7. Mr. Nash: Some say there could be a rebound in the latter half of the year. When do you think the worst will be over?
8. Dr. Ong-Webb: How do you see the South Korean economy faring throughout this crisis?
9. Dr. Samuelson: Whole industries are being disrupted and millions of jobs have been lost, perhaps for good. It's unclear whether a recovery will be possible for everyone. What should governments do to further support households and individuals worst affected by this crisis?
That's all we have time for today. It's been a great discussion. Thank you Dr. Larry Samuelson in Connecticut, Mr. Tony Nash in Texas and Dr. Graham Ong-Webb joining us from Singapore.