How to recover from a coronavirus recession
The Story
The Times
4 • 1.5K Ratings
🗓️ 11 May 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
As we begin to relax the lockdown, the UK is facing its biggest economic shock for 300 years. Can past recessions teach us what to do next?
Guest:
David Smith, Sunday Times Economics Editor
Ann Pettifor, economist
Host: Manveen Rana
Archive: BBC, Talkradio, CNN, CBS, Sky News, CNBC, Bloomberg
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's already one of the biggest shocks in economic history. |
| 0:04.8 | In the space of seven days, you saw the prospect of economic activity falling off a cliff. |
| 0:12.8 | As the government teases lockdown, how and when will the economy recover from coronavirus |
| 0:19.8 | and will it ever be the same? I do think that it's going to be as bad as the Great Depression |
| 0:28.1 | and as bad as it was after the Second World War, but we have even bigger shocks to come. |
| 0:35.0 | You're listening to stories of our times, |
| 0:37.1 | from the Times and the Sunday Times. |
| 0:39.3 | I'm Manveen Rana. |
| 0:41.3 | Today, How to Recover from the coronavirus recession. Attention to all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey. |
| 1:05.0 | So no excuses not to visit your in-laws this Christmas. |
| 1:10.0 | Trains, now on Uber. |
| 1:12.0 | Tees and sees apply. |
| 1:12.7 | Check the Uber app. |
| 1:13.7 | The Bank of England has said it believes economic output could contract by |
| 1:22.1 | 14% this year because of the |
| 1:24.0 | bank of England believes the economy could suffer its biggest contraction for |
| 1:27.5 | 300 years because of coronavirus. |
| 1:29.9 | The economy shrinking by 14% this year. Interest rates are being left at their emergency level of 0.1%. |
| 1:37.4 | This isn't the first time in economic history, |
| 1:40.1 | or even in recent memory, |
| 1:41.9 | that the economy has faced a big shock. |
| 1:45.0 | So what can we learn from the aftermath of past recessions |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.