NHK Documentary S2020E08 - The Corona Shock: Can We Avoid an Economic Crisis?

The spread of the coronavirus has rocked the global economy. Containment policies, including restrictions on foreign travel and domestic movement, dampened the flow of people and goods, while consumption shrunk. Tourism and transport industries were hit, and sales fell rapidly in retail and food service sectors. Interruptions in supply chains that span the globe placed the manufacturing industry in dire straits. How deeply has the Corona Shock undermined the world economy? What policies are required to limit the damage? What are the prospects for the future? In this program, economic specialists discuss these issues, and a wide array of data sheds light on the nature of the crisis. We examine thoroughly the prospects for the global economy.