CLEAN : COVID 19 could cost up to 2 trillion US$ to global economy: UN

The video discusses the current economic situation, focusing on the Federal Reserve's interest rate decisions and the global growth forecast, which is expected to be under 2%. It highlights the economic impact of downgraded growth performance, estimating a loss of $1 to $2 trillion. The crisis affects multiple economic dimensions, making it challenging to predict future dynamics. Unlike the 2008-2009 crisis, coordinated government spending is necessary, particularly in public services, health, and education sectors, to address both economic downturns and health-related financial crises.

What is the potential action discussed regarding the Federal Reserve's rate?

• Decrease by 50 basis points

• Increase by 50 basis points

• Double the current rate

• Maintain the current rate

What is the predicted global growth rate for the year?

• Under 2%

• Above 3%

• Between 2% and 3%

• Exactly 2%

How much financial loss is expected due to downgraded growth performance?

• No significant loss

• $500 billion

• $1 to $2 trillion

• $3 to $4 trillion

What sectors are suggested for government investment to address the crisis?

• Technology and infrastructure

• Health and education

• Defense and security

• Tourism and hospitality

Why is coordinated government spending necessary according to the transcript?

• To address economic and health issues

• To boost the stock market

• To increase inflation

• To reduce taxes