A New Kind of Global Recession: Why This Time Is Different | Business Beyond

Nov 18, 2022 | The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year. War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around a growing, multifaceted economic crisis. In this episode, we will untangle the threads of the looming global recession. By comparing the current state of the global economy to the 2008 financial crisis, we will be exploring what makes this downturn different.

Will the Coronavirus Pandemic Cause a Global Recession? I Inside Story

Stock markets around the world have had a turbulent week with some of the worst losses in over 30 years. It's the world's biggest health emergency. The coronavirus outbreak is now a pandemic, and there are fears it can lead to a catastrophic global economic crisis.

Sweeping containment measures have disrupted markets around the world - including in the US. A travel ban on 26 European countries came into effect on Friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years.

On Wall Street, the Dow Jones Industrial Average sank 10 percent on Thursday -- its biggest plunge since the Black Monday crash of 1987. While European markets showed some signs of recovery on Friday. So, what's the economic fallout?

Presenter: James Bays | Guests: Pedro Da Costa - Senior Reporter at Market News International; Hosuk Lee-Makiyama - Director of the European Centre for International Political Economy; Gareth Leather - Senior Economist who specialises in Asian and emerging markets at the firm Capital Economics