The "Mind Blowing" Economic Consequences of COVID-19

The Daily DC

CNN

News

4.4 • 621 Ratings

🗓️ 31 March 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many people across the country are just beginning to feel the economic impact of the coronavirus pandemic on their lives as the calendar turns to April 1 and many monthly bills are due to be paid. Unemployment is expected to hit unimaginable highs and the economy overall is expected to contract at levels most Americans have never seen. Join CNN Political Director David Chalian, CNN Senior Writer Zach Wolf, and CNN Anchor and Correspondent Julia Chatterley as they break down just how bad the economy might get for Americans and how it can get back on track.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:06.3	Hey everyone.
1:08.6	I'm David Chalien, the CNN political director.
1:10.3	This is the Daily DC. While the coronavirus crisis
1:12.1	is primarily, first and foremost, about public health and keeping people safe, it is also
1:18.0	an economic disaster of historic proportions. Well, it's so bad for the economy, but the economy
1:24.9	is number two on my list. First, I want to save a lot of lives.
1:28.0	We're going to get the economy back. I think the economy is going to come back very fast.
1:31.5	Tomorrow, that economic disaster is about to get very real for a lot of people around the country
1:37.1	as they find themselves unable to pay their bills on the first of the month. That, as Goldman Sachs
	...

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