The coronavirus pandemic has led to a global economic crisis. With the movement of people heavily restricted, businesses forced to close and supply chains disrupted.
Stock markets around the world have crashed, leading many to question if the restrictive measures to limit the spread of the virus are worth the economic impact. Donald Trump has stated that the “cure” cannot be worse than the “problem”.
To fight the recession and help those in need, most major economies, including the US, UK, Canada and Germany, have announced unprecedented economic stimulus packages to support the economy and those out of work.
The severity and duration of the impact coronavirus will have on the economy is almost impossible to predict; however, this event will likely alter the world forever.
In this interview, I talk to Raoul Pal co-founder & CEO of Real Vision and macroeconomist. We discuss the political and economic impact of coronavirus, the role of the state and the societal change that will occur.