Will the novel coronavirus pandemic result in the worst economic downturn since the Great Depression of the 1930s? The International Monetary Fund’s chief economist Gita Gopinath discusses this and much more at the third session of the India Today Group’s E-Concalve Corona Series
According to International Monetary Fund chief economist Gita Gopinath the world economy is likely experience a downturn not seen since the Great Depression of the 1930s (Getty images)
The novel coronavirus pandemic, apart from being one of the gravest health crises faced by humanity, is also posing a serious threat to the global economy. Countries across the world have cut down on production of most goods. Partial or complete lockdown in several countries has seen demand in almost all sectors except pharmaceuticals taking a nosedive. Airlines are grounded, markets are shut and governments are weighing options on how to infuse money in their economies in order to contain the pandemic and revive the economy.
The result, according to the International Monetary Fund, is likely to be a global economic downturn not seen since the Great Depression of the 1930s. To discuss this and much more, the India Today Group’s E-Conclave Corona Series is hosting IMF’s chief economist Gita Gopinath.
Gita Gopinath is speaking to India Today’s Rahul Kanwal at the third session of the E-Conclave Corona Series. Here is what Gopinath has to say on the topic of ‘Fighting the Economic Virus’:
(Updates will begin shortly)
E-Conclave Corona Series is an online avatar of the India Today Group’s premier thought event, the India Today Concalve. The series will focus on what is turning out to be one of humanity’s greatest challenges — the Covid-19 pandemic. Click here for sessions and videos from the E-Conclave Corona Series.