Virus Impact on Global GDP Will Be 'Catastrophic,' Pascal Lamy Warns

The transcript discusses the shift in market concerns from headline issues to global GDP contraction, highlighting the severe economic and trade consequences of the crisis. It explores the impact of deglobalization and the role of digital services, while considering the future of global trade amid increased government intervention. The discussion also differentiates between precautionism and protectionism, emphasizing the need for global capitalism to balance efficiency and resilience.

In what ways could precautionism differ from protectionism in the context of global trade?

What challenges might arise from balancing efficiency and resilience in global capitalism?