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Money Talks from The Economist

Money Talks: In recovery?

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 7 July 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

As some lockdown measures lift, governments hope they can get their economies back on track. Which will have the strongest recovery? Also, meal-delivery wars heat up as Uber gobbles up rival Postmates in an all-stock deal worth over $2.6bn. And, the importance of building a more resilient food-supply chain. Rachana Shanbhogue hosts. 


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Transcript

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0:00.0

Picture this, static cars, idling engines, angry horns.

0:08.0

Now, picture you, zooming past it all, light and breezy.

0:15.0

Ah, the sweet feeling of whizzing past traffic.

0:20.0

Book your train journey via Avanti westcoast.co. UK.

0:25.0

avante west coast feel good travel. Lockdown measures are cautiously being lifted in some countries.

0:37.0

Governments hope economies can start moving again.

0:44.0

But which one will have the strongest recovery?

0:47.0

Hello, you're listening to Money Talks on Economist Radio, our weekly podcast on the markets, the economy and the world of business.

0:56.0

I'm Rachshanberg, the Economist finance editor, and coming up on today's show,

1:01.8

Uber has confirmed its gobbling up food delivery rival Postmates.

1:06.3

Will this help it take out the competition?

1:08.9

Gives Uber Eat just under a third market share in the US, but of course Postmates isn't profitable either.

1:15.0

And the importance of building a more resilient food chain.

1:19.0

How do we have distributed supply chains that will A help us be resilient towards any

1:25.4

other pandemic but actually resilient supply chains for climate change is also

1:29.7

about diversification. First, after plunging in the first half of the year, economic activity in the rich world are starting to resume.

1:45.0

Some countries might bounce back relatively quickly, but for others it will take a lot longer to recover from the catastrophic effects of the pandemic.

1:53.6

What will shape the speed of the recovery across various economies?

1:58.0

At the moment it's not possible to say with absolute certainty which countries have done relatively well and which countries

2:03.6

have done relatively badly.

2:05.3

The GDP data won't be published for some time, but there is emerging evidence of which

2:10.3

countries are the laggards and which are the outperformers.

...

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