Chancellor Rishi Sunak giving daily coronavirus press briefing

The video features a discussion from Downing Street with Steve Powis and Yvonne Doyle about the OBR's report on the economic impact of coronavirus. The report is not a forecast but a scenario, highlighting potential serious implications for the economy. The importance of transparency with the public is emphasized, and the global nature of the economic challenges is acknowledged.

What are the implications of the economic situation mentioned in the text?

What does the speaker imply about the future economic conditions?