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To the Point

Is the Global Economy Still Stuck in Recession?

To the Point

KCRW

News

4.4583 Ratings

🗓️ 20 October 2014

⏱️ 52 minutes

🧾️ Download transcript

Summary

After three years of smooth sailing on Wall Street, investors were almost complacent, but then the New York Stock Exchange began to jump up and down. On October 8th, the Dow Jones Industrial Average had its best day of the year. Last week, it suffered its worst loss. Is worldwide economic recovery being put on hold?

Transcript

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0:00.0

From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

0:08.0

Is the global economy still stuck in recession?

0:14.2

Hello again, I'm Arminolny, and this is To the Point from Public Radio International.

0:18.1

The daily look at the issues Americans cut about most.

0:20.7

After three

0:21.1

years of smooth sailing on Wall Street, investors were almost complacent, but now the New York

0:25.8

Stock Exchange has begun to jump up and down. On October 8th, the Dow Jones Industrial

0:30.8

Average had its best day of the year. Last week, it suffered its worst loss. That's volatility

0:37.0

by anyone's definition, especially when the U.S. economy is humming along.

0:41.4

But Europe's in big trouble, and Asia's in a stall.

0:44.5

We'll look at other signs that are giving investors the jitters.

0:47.4

Is worldwide economic recovery being put on hold?

0:50.7

Today's talking point to West African countries have stopped Ebola dead in its tracks.

0:56.5

First, here's the news.

1:01.6

Listen to KCRW's 24-hour all-news channel.

1:05.4

Stream BBC World Service, NPRW programs.

1:10.1

Continuous coverage and accessible via our smartphone app or online at KCRW.com.

1:20.3

Support for To The Point comes from the members of KCRW and from the Public Radio International

1:26.1

Program Fund.

1:27.1

Hello again. I'm Armin Alany back with To the Point.

1:29.4

America's economy is finally looking good, but Wall Street's sudden volatility is a signal that all is not well.

1:35.8

We'll hear about slow growth in Europe, Asia, and South America and how it's led to warnings about the continued impact of the worldwide recession.

...

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