Health and Healthcare Systems

Gita Gopinath on the Great Lockdown, and how has COVID changed our view of risk: this week's World Vs Virus podcast

Gita Gopinath, Chief Economist, International Monetary Fund (IMF), speaking in the Press Conference: IMF World Economic Outlook Update session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 22 January. Congress Centre - Press Conference Room. Copyright by World Economic Forum/ Greg Beadle

Gita Gopinath, Chief Economist, International Monetary Fund at Davos in January. Image: World Economic Forum/ Greg Beadl

Robin Pomeroy
Podcast Editor, World Economic Forum
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  • COVID-19 is very different from financial crash of 2008.
  • Gopinath highlights need for strong public health and economic support.
  • Also this week: what business leaders see as the biggest risks.
  • Subscribe to the World Vs Virus on Apple, Soundcloud or Spotify get it every week.

Incredible: that's the word the IMF's chief economist uses to describe the impact of COVID-19 on the global economy.

"We call this the Great Lockdown, because, if you look around the world, the containment measures that have been put in place ... are generating the scale of contraction and activity that are just historical numbers."

The International Monetary Fund's Gita Gopinath tells this week's World Vs Virus podcast what's needed to climb out from the Great Lockdown, and the role globalization will play.

"This is a virus that doesn't respect borders," she tells World Vs Virus. "This requires global cooperation."

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Risks

Also on the podcast, the COVID-19 Risks Outlook, a survey of some 350 business leaders tells us what they sees as the biggest threats from the pandemic.

risks covid business survey
It's the economy, but also cybercrime and further health scares. Image: World Economic Forum/Marsh & McLennan/Zurich Insurance Group
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Related topics:
Health and Healthcare SystemsGlobal RisksGeo-Economics and PoliticsTrade and Investment
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