What More Will It Take to Save the Global Economy From COVID-19?

What More Will It Take to Save the Global Economy From COVID-19?
A security guard stands next to shuttered shops in Beijing, China, April 15, 2020 (AP photo by Mark Schiefelbein).

As the global death toll from the coronavirus pandemic continues to mount, so does the economic wreckage. Millions more people are joining the already swollen ranks of the unemployed this week, and oil prices continued their historic rout. China’s GDP contracted for the first time in nearly half a century during the first three months of this year, and the International Monetary Fund predicts that the global economy will shrink by around 3 percent in 2020.

Of course, governments and central banks around the world are doing whatever they can to contain the fallout. But will it be enough? For this week’s interview on Trend Lines, Daniel McDowell joins WPR’s Elliot Waldman to discuss global efforts to contain the economic fallout of COVID-19, and what more governments can do to ensure a speedy recovery once the health crisis subsides. McDowell is an associate professor of political science in the Maxwell School at Syracuse University, and his most recent article for WPR is, “What It Will Take to Save Economies From the Coronavirus Pandemic.”

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Relevant Articles on WPR:
Nationalizing Supply Chains Is the Wrong Response to COVID-19
Managing the Economic Fallout of the Coronavirus Pandemic
How to Maximize the Impact of Cash Transfers, During and After COVID-19
Freezing African Debt Would Aid the Continent’s Response to COVID-19

Trend Lines is produced and edited by Peter Dörrie, a freelance journalist and analyst focusing on security and resource politics in Africa. You can follow him on Twitter at @peterdoerrie.

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