OECD Slashes Global Economic Forecast to 2.4% on Coronavirus Concerns

The transcript discusses the differences between the current health crisis and the financial crisis, emphasizing the impact of containment measures on the economy. It explores the role of monetary policy and central banks, highlighting their limitations in addressing the crisis. The need for targeted fiscal policy and global cooperation is stressed, with recommendations for government actions. Various economic recovery scenarios are analyzed, considering demand and supply shocks and potential GDP losses.

In what ways can governments provide support to firms during a crisis?

What predictions are being made regarding economic recovery following the current health crisis?