tv The Day Deutsche Welle April 30, 2020 12:02am-12:30am CEST
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it's hardest when we talk about the lost and lives and widely puts the world's largest economy shrank by almost 5 percent in the 1st quarter just wait until we include this quarter tonight the u.s. on a troubling trajectory what feels like a repeat of the great recession today could become a repeat of the great depression tomorrow i'm often berlin this is the day. this is a barbarous that is typed in more than 200000 lives across the world teaches shop there in global the global economy it's a money in money out scenario and at the moment that a question just doesn't plan to say no money go back to work and to invest billions of euros to restock our economy with anything that can and the best case scenario
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the deescalation stage of transition to this will last a minimum of approximately 6 weeks. 6 americans are looking forward to the safe and rapid reopening of our country and i know people are feeling emotional. but emotions keith drew a reopen the troops right. also coming up to the pandemic in germany face masks are now mandatory summer vacation looks unlikely and the chance of being tested for the virus it's very likely. if you live in the city will introduce more regular testing in cafe homes including for asymptomatic patients we're also changing some of the rules for tests to get a better overview of the epidemic. and to our viewers on p.b.s. in the united states and all around the world welcome we begin the day with
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a restless world eager to escape the coronavirus lockdown much of the planet has been in a self-induced economic coma for 2 months now it's known as social distancing restrictions on travel working from home the tools at our disposal to keep a deadly virus at arm's length but it has come with a hefty price that can be measured in goods and services today the united states reported its biggest economic shrinkage in a decade g.d.p. in the 1st quarter shrank by almost 5 percent now that's on par with the financial crisis of 2008 and forecasts for the u.s. and global economy for the remainder of this year well they are bleak and this explains the loud calls from tampa to tell of the fight to end the economic shutdown despite there being no treatment and no vaccine against the coronavirus i say tell of the because israel is a perfect example of the tug of war in society one side says it's too early to lift
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any lock down the other side says do it before it's too late. so there are no customers but us land keeps the place ready for guests anyhow 6 weeks ago she had to close the family's restaurant in a kibbutz just outside of jerusalem because of the corbett 19 pandemic says she supports the overall handling of the health crisis by the government like opening up to yahoo but she's extremely burridge about her family's life you would. be unlikely that the after a month and a half of lockdown we are still completely closed except for deliveries and take away. but that is just a drop in the ocean. independent business is a very much on edge not knowing if we are going to survive. but of all that every morning daniela and her husband prepare pizza to take away this very government is
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taking steps to reopen the economy and allow some businesses to start operating against the us lance can see a clear path out of this crisis that many others radius but the real no exit strategy that is being presented to the public ok no one here say ok if we going to be under you know 200 mill. people who are infected we're going to open up these and that and the other way we're going to close the thing that how about the court what the what if you know what what is the program what is the what what if the what if their work flow the kimono virus pandemic in the midst of a deep political crisis in israel 3 elections with the needy approved conclusive only last week benyamin netanyahu signed a coalition agreement with this former dr that the new guns to form a national emergency government with netanyahu as prime minister. is very long serving prime minister has been credited with quickly imposing strict measures like
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travel restrictions and defacto closing israel's borders at the beginning of the crisis. but now the public debate has shifted to the economic impact of the knock down a clearance sale at a small neighborhood shop in tel aviv closing down because of virus it says on this winter unemployment has risen from 4 to over 25 percent. i don't think. they're clear about where they're going it seems like they're doing everything. very spontaneously and without a lot of stuff behind in the lead that they are shocked that markets are in my opinion the government is stressing a sight a bit too much. they could give a small freedom because people are keeping to the restriction and the same principle in my lungs i own. in many other countries these are troubling times
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in israel in the long term politicians here will be measured by their response to the house and economic issues surrounding the kuvo never has. israel in the pandemic to talk about that i'm joined tonight by giora eiland a retired major general of the israel defense forces and former head of israel's national security council general island it's good to have you on the program let me get your take on this didn't take a virus and a pandemic to make a new government possible in israel. to a certain extent the answer is is that this it is the excuse that is presented by both parties both about this is that can start of this coalition government although so far they said almost nothing about the crisis and i don't think a bit of this is the main reason or i don't think that they can be helpful but we
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did reach such earnest in the nation and then lo and the little word of probably only 2 options number one is to go to another election full time to heal in the other one was to fold this coalition government and probably this 2nd option of was. a little better than the other but this is not the inquisition this is a marriage there's no love and no trust between both sides and i'm not sure that they're capable to work together in no the fix something to be there to be fixed in israel due to the damage the lot of us goes but this is a little bit of good question foam only didn't know the coalition government is not in phone there are still some discussions about. the wait to see whether it is the final decision of not. general arlen that you have doubts that this coalition
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government will last do you think it's dead on arrival. most people don't believe that it will last a plea ears as is agreed because the conflict to be able sounds the lack of trust their very very opposite interest line bring to a crisis. we will see which crisis exactly will be the one that will. cause to the collapse of this a government of many people a lot of domestic about and as i said even if the devil begins to go. the complexity of their didn't to be the lead in. my created completes the nation because no decision can be made because each side is. so careful and so suspicious and they got to the intent of the other side of the children that
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it wouldn't be able even to leave it open as something that would say that my book of the people is live and a bottle of it is that is one thing that is clear like no is going to be the biggest government in this there is a 36 minutes which is lowest dubber the. nieces only do satisfy some kind of political interest and are close most of the people in it is a lot of but that is because everybody understands that we're going to suffer from a bit of the. economy crisis because of the growing of the virus and they've gotten that behaves as if they leave in a different world well what world are they living in general i remember when we were looking at these 3 election campaigns we always heard guns say that he would never serve he would never rule or govern with an indicted prime minister benjamin netanyahu and yet that is exactly what he has agreed to do now that doesn't sound
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like a strong glue holding any type of government together. i tend to agree with the way that you pulled it and it is not only that they have specific dozens of claims against it and l. the main claim of guns probably is the. reason to leave in a period of go for completed corruption and if they continue to work with me even in a way that gives legitimacy to something that was the main for leg they used to it is until 23 weeks ago so not many people trust the really on this by saying the time is done to work together because of the goal of others especially when the leaders of this. gods and other colleagues never said anything above 0 never said any idea or he even the latin to take the responsibility of the
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ministry of. the true that any of the sides here is really say sincerely in his ill intent ok and as i said we are going to do to face a period that we never had it about just what a lot about the economy we are going to face probably decrease of about 6 percent of the goals of the g.d.p. which means and minus all negative blows for the 1st time of the state obviously that you had this is something that the consequences are going to be so severe and are not sure that this government will be able to cope with such a very severe and challenging needs you know that is definitely a dire prediction that you're making there general island we appreciate your time and your insights tonight thank you very much. well. the economic costs of the pandemic are similar to the virus in that they don't
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recognize national borders germany's economy the biggest in europe it's expected to shrink this year by more than 6 percent now that would be the biggest slump in europe's biggest economy since record keeping began back in 1970 and it gets worse the german economy minister nothing but doman claim to offer on wednesday the global knock down because of the coronavirus pandemic has left a trail of destruction german exports are predicted to slump by 11 and a half percent this year. the roots of the disc the german economy has been struck hard both internationally and domestically since. we believe that this year the german economy will shrink by 6.3 percent and i will send. 6.7. the aim now is to preserve the very fabric of the german economy requiring billions
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of euros of investment from the government coffers he sat among the proposals on the table our premium on new car purchases. while easing lockdown restrictions will help restart the economy there is no quick fix. we will see a gradual relaxation of restrictions we hope that the data we receive in coming days will permit us to do this but even so we will not be able to revive the entire economy at once. ex-pats think the crisis will bottom out in the 2nd quarter and then things should start to pick up but the economy minister says it will be 2020 before we see germany's economy functioning pre-crime if iris levels again. right let's pull an urn call you're to help us unpack these ugly packages or when is an economist an economics professor here in berlin and a familiar face here on the day when we talk about the german european and u.s.
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economies or when it's good to have you back on the program germany's economics minister saying that germany will not be hit as hard as others such as the u.s. but today one of the country's top economists said that to suggest that germany's economy will recover next year would be wishful thinking so take the political window dressing out of the picture force where is germany headed. germany unlike the u.s. is looking at a 2026 to 7 percent drop in the rate at which woods and services are being produced. right now looking at i.m.f. forecast germany is expected to drop 7 percent the united states about 6 percent this is there's enough uncertainty here this is not
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a race to the bottom that anyone wants to win i can tell you that. there's no easy way around it we have the. eponym denia logical curve that we want to flatten but when we flatten it means necessarily fattening the recession curve by shutting down output by locking down i think one of the things we'll see germany probably has been better at locking down then the united states germany might even be better at locking down longer than the united states and i think that will be the tale of where g.d.p. is going to be going but this coming quarter is going to be a real hard one for both the condiments let me just pick up on germany being and exporting nation or when it doesn't that make germany particularly vulnerable to external shocks that could come from say the united states of china.
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sure. germany is much more open to the rest of the world. i.m.f. predictions of the global recession on the order of 3 percent you can think of that as the advanced economies. going down about 6 percent china and a lot of other economies going up on average. 0 so that's about a 3 percent fall. in the world demand for goods and trading there's protectionism that's everywhere so germany is really vulnerable on that front but the united states has plenty of problems as well. there's not as good a safety net for instance and having the social safety net as good as the german social safety net is will help consumption spending. smooth consumption spending and you know i hate to imagine what the u.s. g.d.p.
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figures will be once the 2nd quarter is factored in you know we said at the beginning of the program there's a possibility of going from a great recession to a possible great depression 2.0 do you agree that the risk is that great. it will you know history rhymes it doesn't repeat itself it's going to be a drop serious analysts are looking at a 30 percent drop. this is at an annual rate you want to think of it like going on a trip you can go 60 miles an hour for 15 minutes and then drop to 30 miles an hour and your average is going to be between 60 and 3rd so this 2nd quarter we're talking something like a 30 percent drop in output we've just had
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a 5 percent drop in output for instance in the united states. you know if we're lucky we'll have basically 0 growth for the what 2nd half of the year and so that's what puts is around 8 percent 7 percent down for the year on average but it really is a the celebration. for this for this current quarter ok let me turn to our thinking on its head for just a moment would it be possible to use the pandemic and the economic shock as a catalyst for making the global economy fit for the 21st century i'm thinking of you know dealing with automation artificial intelligence the massive disruptions to business models i mean is is this not may be an opportunity and not just a play. i think a better way to think of it is you learn from failure if you're at all sentient
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human being and some things we're going to see i think a lot more of what was outsourced we discovered vulnerabilities in supply chains that we were really taking for granted. that sort of structural change we can certainly expect where we actually do a good job harmonizing our policies both from the health front as well as on the economic front this is a test that we are still going through if we fail either or both of those tests i'm very pessimistic about the possibilities going down for let's say things like international border nation for climate change multilateral negotiations will become more difficult after 8 major failure. for which the united
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states plays takes a lot of the blood and bullets let's hope that you know that possibility does not become reality early call your funniest unlike here in berlin excellent analysis when we appreciate it thank you going to be there. was a day of germany's health minister warned that the country faces a long haul before the coronavirus pandemic will be over yet spawned says that the government plans to buy more flu vaccines as a result to to avoid extra pressure on the health care system later this year. the latest figures from the whole bad cop institute provided the clearest picture yet as to how the epidemic has developed in germany the calculations show when and how many people became infected and when key steps were taken to slow the virus spread the ban on public gatherings took a while to make a noticeable difference the closing of schools brought infections down considerably
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german health minister sponsors the number of registered acute infections in germany has been falling for over 2 weeks and is currently at 37000 but regional differences remain so the government announced that testing will be stepped up even further from nearly half a 1000000 tests last week. refillable mostly will introduce more regular testing in care homes including for asymptomatic patients we're also changing some of the rules for tests to get a better overview of the epidemic and we're introducing compulsory reporting of negative test results when they get to return to. work on an antique over 1000 vaccine in germany has meanwhile taken a step forward mindspace company biotech says the 1st group of 12 participants had received a trial vaccine on wednesday. but with the progress of infection still unpredictable
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across europe germany's foreign ministry has decided to extend its global travel ban until mid june foreign minister said that europe needed to find a coordinated approach. over the last 4 weeks we brought 240000 tourists from all over the world back to germany we will not carry out such an operation again this summer which is why a lot will depend on how we get on with fighting the pandemic here and in other countries pardon me became for once remember the lemon by target. protesters and pressure groups meanwhile a urging the german government to ease even more of the current restrictions on thursday the state premiers of germany's 16 states will reassess the situation with chancellor angela merkel. as football fans around the world wait for their favorite teams to return to television screens
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supporters of the german team are trying to solve what they see as an even bigger problem how does a fan remain part of the action when they're not allowed inside the stadium. all these quiet in german football the sounds of singing birds has replaced the screaming fans the sight of empty stands likely to remain for many months yet the sun. and it's very difficult to watch a game on t.v. instead of actually being met life in the stadium on t.v. you just don't get the emotions you can get by being in the stands with friends for the diehards of birds you can glad back football without fans is unthinkable and so they making cardboard cutouts of themselves to literally remain part of the scene using a mobile app interested parties can take a photo of themselves which is then printed on cardboard and. thanks taken to the stadium. these are guns that pop come out this whole cardboard mates campaign is
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more like a vigil because football just doesn't work with that fans one of. almost $10000.00 orders have already been placed and demand continues to grow the club are big fans of the initiative to so much so the gladbach players and coach of got themselves a place on the north terrorists even opposing fans are on board a touching show of solidarity for the times. it costs 1000 euros by buying it 3 companies in mentioned that will be supported to your eyes will be donated to the piracy a foundation and 2 euros to help. mel hasn't missed a home game in almost 14 years from now and the foreseeable future she'll have a proxy presence as she intends of thousands of fans white to join the chorus once more. for britain's
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prime minister boris johnson and his partner kerry simons have announced the birth of a son mr johnson's office said the healthy baby boy arrived at the london hospital this morning the couple announced in february that they were engaged in expecting a child mother and baby are said to be doing well the new bundle of joy is said to be number 6 for the prime minister. the day is almost done the conversation continues online you'll find us on twitter either due to the news you can follow me and print golf t.v. and remember whatever happens between now and then tomorrow is another day see the never.
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