Money Talks: Coronanomics
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 18 February 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
Coronavirus is causing unprecedented supply and demand challenges for the global economy. How can businesses minimise economic damage? Also, why are MBA schools in China thriving? And, the cities rebelling against the cashless revolution. Patrick Lane hosts.
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Transcript
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| 0:00.0 | They're not authors, but they help you shape your financial story. |
| 0:04.0 | They're not an airline, but they connect global businesses across nearly 160 local markets. |
| 0:10.0 | They're not interpreters that they listen to and understand their client's needs. |
| 0:14.8 | With global expertise and over two centuries of experience, Citi provides tools, insights and |
| 0:20.8 | guidance that helps clients thrive. |
| 0:23.0 | They're not just any bank, they are city. |
| 0:26.0 | Learn more at city.com slash we are city. Hello and welcome to Money Talks on Economist Radio, our weekly podcast on business and the markets. |
| 0:42.0 | I'm Patrick Lane, deputy digital editor here at The Economist |
| 0:46.0 | and coming up on today's show, What Should Governments Be Doing to Try to Limit the economic harm of the new coronavirus? |
| 0:55.0 | Chinese business schools are continuing to rise in popularity. |
| 0:59.0 | Can they compete against big Western players like Harvard or Stanford, and New York joins the city's |
| 1:06.2 | rebelling against the cashless society. The number of cases of cases of the new coronavirus has climbed to over 72,000 in China alone, and fresh cases are being reported all over the world. |
| 1:26.6 | But now attention is turning to its detrimental economic effects. |
| 1:31.0 | In Asia, share prices fell as the effect of the outbreak deepened. |
| 1:35.0 | In Germany, a big exporter to China and to the rest of Asia, |
| 1:39.0 | investor confidence has also slumped. |
| 1:42.0 | And several big companies have warned that the virus will hurt |
| 1:44.8 | their profits, among them Apple and HSBC. As the impact grows, what should |
| 1:51.1 | governments be doing to try to cushion the blow? |
| 1:54.4 | Ryan Avent is the economist's free exchange columnist and he's been writing about this. |
| 1:59.5 | Ryan, when economies suffer shocks like the coronavirus outbreak, governments sometimes try to provide |
| 2:06.9 | stimulus to offset its effect. |
... |
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