Home Covid-19 Video News Coronavirus warning: economic damage worse than Great Depression – BBC News

Coronavirus warning: economic damage worse than Great Depression – BBC News

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The coronavirus pandemic will trigger the worst world economic downturn for the reason that Great Depression virtually a century in the past. That is the warning from the International Monetary Fund. The British financial system might be affected simply as badly. Meanwhile there’s been a spike in deaths at a variety of care properties within the UK for the reason that outbreak started. The deaths are usually not recorded within the day by day official figures…..(read more)

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33 Comments

  1. HYUKLDER1

    June 28, 2020 at 5:15 pm

    BBC laftist activists love spreading economic disharmony.

  2. Marc Jouannet

    June 28, 2020 at 5:15 pm

    Let companies go into receivership an opportunity for a poorer man to buy a company this would enable higher private investment from the lower base and lower prices at all outputs then the government could use Keynesian investment with no inflation to send us onto a higher growth path at the same time making the marginal propensity temporal equal to zero via agreement

  3. Ryon Morris

    June 28, 2020 at 5:15 pm

    YES, America and Europe economies will SUFFER the WORSE from Coronavirus!

  4. Economics and Finance 2020

    June 28, 2020 at 5:15 pm

    Government financial aid can only help to smooth landing the keep the
    economy. Bankruptcies will continue like every 10 years downturns. With
    current election year for Donald Trump, China and US trade war will
    continue disrupt world economies in every way.

  5. lee noon

    June 28, 2020 at 5:15 pm

    Well done taggart no shit

  6. Paradigm Shift

    June 28, 2020 at 5:15 pm

    Freedom is a word that no one heard as it passed by all our windows . https://youtu.be/5X9yfCPQj7Y

  7. radeon28

    June 28, 2020 at 5:15 pm

    Abolish handouts let people sink or swim..time for the next generation..nature has its own plans .

  8. radeon28

    June 28, 2020 at 5:15 pm

    Time to revive the British Empire ..whoos with me !!! WHO..!! ??

  9. Mrfairchap

    June 28, 2020 at 5:15 pm

    Well of course there will be a recession in the UK, that was inevitable. And I believe there will be two major casualties of that recession – Brexit, surely now dead in the water. Nearly all economic experts predict that Brexit (especially a no-deal one) will be disastrous for the UK economy in the short term, and with that economy already reeling from the effects of the Coronavirus panic how can it possibly go ahead? Also HS2; the projected costs are already an astronomical £102 billion and you can be damn sure that that will rise to way north of £150 billion. No government could possibly afford such a sum.

  10. JNetwork32

    June 28, 2020 at 5:15 pm

    Been like it since I was born lmao

  11. erzan

    June 28, 2020 at 5:15 pm

    Time to put workers, families & small businesses first!

  12. Aftab Alam

    June 28, 2020 at 5:15 pm

    Thanks Allah. I am a IT Worker.

  13. J. B Millennial

    June 28, 2020 at 5:15 pm

    Fuck NHS

  14. Junjun

    June 28, 2020 at 5:15 pm

    Bike would be a great mode of transportation if the depression hit.

  15. james hefley

    June 28, 2020 at 5:15 pm

    Don't dought it..This is going to be HORRIFIC

  16. orange70383

    June 28, 2020 at 5:15 pm

    What the elite have planned is nothing you can imagine, the life you knew is being taken from you and will not return. And because you believe what the media says instead of researching the facts you are complying to their rules and handing over your livelihood voluntarily. Good job sheeple you've lost everything over a well planned psyop.

  17. HilarityBribo

    June 28, 2020 at 5:15 pm

    Fake News Media is covering for the elitists, globalists, and financial institutions….Great Depression was coming before coronavirus, now it's their scapegoat.

  18. Hubby Bubby

    June 28, 2020 at 5:15 pm

    This will make the great depression look like a picnic

  19. John Hazelden

    June 28, 2020 at 5:15 pm

    Here is a paragraph by Labour MP Jess Philips printed in The Independent
    “For a medium-sized but very open economy dependent on trade and investment for its prosperity, such a turn of events would imply a catastrophic loss of markets and inward investment, depressing growth and employment – and thus living standards and public services. Britain, in effect, would be forced into abandoning its great Brexit adventure and begging the EU to let it back in, on whatever terms could be agreed. They would not be as advantageous as now; nor as yummy as multiple free trade deals across all the biggest and fastest growing economies in the world; but much better than having to survive without frictionless access to our closest neighbours.”

    I hope this helps and stops us becoming dependent on trade with China

  20. John Hazelden

    June 28, 2020 at 5:15 pm

    I hope someone will listen to what I have to say..
    Our economy can’t not afford to leave the EU.. Our money borrowing is alarming, as I understand it we have to pay Europe billions to settle the divorce! Interest rates outside Europe will be high, borrowing from Europe once we pull the plug will no longer be in our favour.
    So who do we turn to? Most countries are angry and frustrated with China, some have cut or cutting ties as best they can from China. They are preventing The CCP from taking over struggling companies within their countries in the interest of is country and it’s citizens..
    America supposedly will trade with the U.K. to fill the void left by Europe? But the Americans and it’s governments are anti CCP and rightly so.
    If a lot or our infrastructure and businesses are owed by China for China we will see trade dwindle from Countries Anti CCP.
    We as a country will have no choice but to trade with China for most of our needs… but in doing so we have and are selling out British citizens to the CCP and we can do nothing about the Road this country has started to take.

    I’m sure if the U.K. public had been fully informed of the risk they had taken to leave the EU and to go in to bed with China …we would not be leaving the U.K. …Something has to be done to stop our large businesses and infrastructure being sold to the CCP.

    Take a look at companies that have been duped in to partnerships in China it’s self..The CCP set up and agree to to business with large companies to invest and build in their Country…once these companies have completed what the Chinese need and brain drained those companies..they are locked out of those companies they helped build.
    Take a look at Hong Kong as China now forces its own rules on the people and under the cloak of Clovid news drowning the media, all of this is getting in noticed by the rest of the world..

    Protect the U.K. companies and it’s infrastructure and it’s population before it’s too late …if it isn’t already.
    Some one must have the foresight to see what will happen Ten years from now…
    Protect the U.K. from over educated people who have no common sense what so ever!

  21. MetropoloBot

    June 28, 2020 at 5:15 pm

    1:09 daaa face

  22. Michael Tran

    June 28, 2020 at 5:15 pm

    It's either save the economy from a great depression and accept more infections , or prevent more infections but have a great depression.

  23. TheDutchOne MUSIC TO EXPRESS

    June 28, 2020 at 5:15 pm

    90 years ago , and 90 years before that, and 90 years before that time….research yourself.
    Co insedence? No, 4 generations make the 1 lifetime before than, ( majority of humanity) forget, simple …the same trick is unfold again, …..its always planned , . 1% ownes 90% …..that is normal?
    Humans just dont remember it happend before.
    For over1800 years ( roman empire,) ago they started this sick construction.

  24. randy scott

    June 28, 2020 at 5:15 pm

    Don't Worry !!! World War Three Will Pull Us Out Of It !!!!

  25. Daily info factory

    June 28, 2020 at 5:15 pm

    https://youtu.be/ZrTL0FZwET0
    Lets make the world rise again by supporting local businesses

  26. Ryan Tomos

    June 28, 2020 at 5:15 pm

    NHS staff under pressure ??? The hospitals are empty, if they were in desperate times they wouldn’t all have time to stand around clapping and dancing….. coming from someone who has been in desperate times…… we are all doomed to communist not Covid

  27. S Trom

    June 28, 2020 at 5:15 pm

    Ahh, the men behind the curtain are working overtime. Death……to their new world order!

  28. serenesista

    June 28, 2020 at 5:15 pm

    Will Boris Johnson change his viewpoints on NHS?

  29. M.G

    June 28, 2020 at 5:15 pm

    I'm quite certain Chump will call out the IMF as "idiot hacks" and continue on that nobody knows
    more about "SHRINKAGE" than himself. LOL

  30. meMiner

    June 28, 2020 at 5:15 pm

    It seems that Economists are always significantly wrong. Only question is which side of the 15% GDP estimate?

  31. Leeloo Schmitz

    June 28, 2020 at 5:15 pm

  32. Mortuary Artist

    June 28, 2020 at 5:15 pm

    03:45 listen to what she said. Care home resident are not tested unless they have been to hospital. If these residents are positive, why are they sent home ? Let’s applaud the nhs … standing together outside in their uniforms, shameful.The hospitals have cancelled all operations, skeleton staff, the wards are empty. The temporary mortuaries are empty.. today is the update on the true stats ons.gov.uk.

  33. Deranged Crouton

    June 28, 2020 at 5:15 pm

    WW3 here we come. Hey JEWSSSS YOURE RESPONSIBLE!!!!

    I'm Jewish and this is a joke please don't get mad

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