beethoven is for. beautiful is for. beethoven 2022 for 250th anniversary year on did you know. oh to be young again spending your days dreaming with plenty of energy and fun ready to embark on this big adventure called life well that's how it should be but today's youth is faced with seemingly obvious amounts of challenges climate change financial problems and now covert 19 honestly i don't envy young people these days

the world has become so complicated almost hostile in this environment does today's use have a future and what's it going to look like after the pandemic generation lockdown our topic today on may to welcome now each generation has its challenges mine was faced with a cold war and the possibility of being wiped out in a nuclear war this doomsday scenario made planning for the future pointless instead we strove for self-fulfillment after all who knows how much time we really have it's actually not that dissimilar to today's millennialists but since the coronavirus pandemic hit they have gone from worrying about self realisation and work life balance to truly existential fia's my colleague on explains. and i go into university 1st all to australia chase my dreams for the money

i want all of this self-fulfillment and a small carbon footprint i am a millennial. it was so interesting to hear so far through my lived experience because i'm not sure that's true here wasn't really what we wanted to do a book or log down is now granddad obsolete because the current sorry guys that was preponderate make me last year compaq feels so long ago. that's us generation y. well maybe more like generation l. generation lockdown. my name's leaders to the proper resident of washington d.c. i'm used to kind of hand to mouth. check to check life so i've always had. to read 5 jobs i will take the sleep problem with and then make is that it's really

just cut outs all of my industries. and their lives and i actually live in the philippines when the band they make it in the philippines all of our where we had been from all my love is a something like. it's all a lap up this. if it doesn't have a base for it during the 1st line i was served by being but god made my back hurts . me mcnairy not crying. and i am from mumbai i was looking to change my job but now with lockdown i cannot like the new interviews like you not like or study course i am exactly at square one before the crisis some 67600000 young people between the ages of 15 and

24 were out of work as a result of the pandemic and that's increased to an estimated 328000000 so john people are being his especially hard. people even before the police every kid who must work any more than once and now it's getting even worse all of us are getting fired it's harder and harder to get into our 1st jobs and training and education have groundswell holes have not really great for our egos to be honest. young people employed to the informal sector so without a contract i especially vulnerable africa 93 percent of young people work in the informal sector as do many in the asia pacific region in the arab states and in latin america. my generation is very self focused i think a lot. less to be had more of the bow self involved i mean we didn't

have to walk full this security like alabamans generation and looking at society and community doesn't come naturally in my generation. and you want to feel passionate about work do something meaningful and work as flexibly as possible and yes i want to. front of my job. and my boss has to play along because he needs me. but. i'm kind of lost and i need your help where are you when i need you it looks to me as if you're in a bad or am i seeing a famous assault order. at least there's one good thing about the pandemic i can work from home now all the time. all surrounds from wherever i was check you have

an activated the mute button. as you call it. we are told to work. less i can't afford to live on my own like i have to live with roommates probably for my own way like i don't know there is definitely will pressure cause i'm about to need that with the monitoring i can see with that one the day when they need to lay out the moment should i write if we have less job security and we need less money how are we expected to pay for the late great don't know. well it's pretty clear that this will suffer from this crisis but maybe we can also turn it into something positive generation for let's make the post part of a growth the better one. when it's an old saying things usually get worse

before they get better so before we can embark on making the world a better place knocked on surely office an opportunity for this we 1st have to deal with the fallout from the crisis the effects of the coronavirus pandemic already being felt on many different levels but above all the impact is financial with a rise in unemployment a downturn in consumer activity and the collapse of certain key industries like energy and tourism what economists have dumped the covert 19 recession might end quickly but it can still have long lasting consequences is a look at some possible scenarios. the global economy has come to a screeching halt during the coronavirus pandemic a crisis like no other many fear for their jobs as companies go bust or stop investing people save their money and spend less worsening the downward spiral. stock prices interest rates wages and prices all tend to decline we are now in

a global recession a recession is one phase of the business cycle that generally runs this way and economy recovers booms goes into recession hits bottom in a depression before recovering again. many define a recession simply as 2 consecutive quarters of decline in g.d.p. . recessions can be over quite quickly but the consequences such as job losses can endure. the transition from recession to recovery can take different forms. of the shaped curve describes a sudden collapse followed by a rapid recovery that's the best case scenario with a you shaped curve the recovery takes longer government and central bank aid need time to have an effect. an l. shaped curve represents the most damaging scenario the economy does not pick up

there is a prolonged to depression loss of confidence a wave of bankruptcy and mass unemployment as for germany estimates of how much the economy will shrink this year range from 6.5 to 20 percent this is set to be germany's worst recession since the 2nd world war. and while this recession is hurting pretty much everyone university students are in an especially bad place like to hold deserted libraries a shot and courses and exams take place online if at all. but students are also suffering financially germany for instance has nearly $3000000.00 students and more than 2 thirds of them normally rely on part time jobs to get by but many of those jobs have been obliterated by the pandemic as a result almost 800000 students have lost their income it's a situation that is even tougher for foreign students who have no family here to

fall back on no job means it's harder to afford health insurance many also face an uncertain visa status in many countries the u.s. for example is threatened to deport international students if they don't attend classes in person the situation is less daya for those doing their studies here in germany but they too need help. my life was great before the coronavirus came in she did too so i went out with my friends all the time we went shopping. my life was wonderful. the coronavirus is making me crazy i think it's a disaster. they have high rank at best. cavan come on how is one of almost 400000 foreign students in germany she's been here for 2 and a half years now. i'm k.v.

and i come from come over you know i'm studying business informatics here in germany but the virus has turned my life upside down. until march she also worked in an old people's home but then locked down the restrictions ended that and her income dried up. costing them one last year hostis if i can't afford to pay my health insurance they'll tell the university which will tell the immigration office that. i could lose my residency status. is very complicated. thing i could never imagine having to go home because i lost my fisa. act. that would be terrible to get more. many foreign students are facing all kinds of unexpected problems rosso maria ramirez is also studying environment but now she's back home and lima

she went to see her family in february and got stuck there when per group went in the lockdown. my plan was to come back at the end of march. when i left berlin there only been 4 cases reported in all of germany. i told my friends at university that if things got bad they could come and join me in peru. now. stuck. i didn't think the virus will come here too but then it did and it hit really hard. she's studying geography and international development. over the past few years she's done a lot of traveling including for her field research and her master's thesis. that was quite a different life compared to these past few weeks living with her parents and siblings and enough partment and lima.

we've been here at home together for more than 80 days. we can't visit anyone else. people are afraid to see each other. for if i don't get back to germany by the end of august i could lose my status my work permit and my student visa. but that's because i'll have been out of the country for more than 6 months. and then i'd have to prove again that i have enough money to finance my stay for at least 6 months. on this issue and that would mean a deposit of $4000.00 euros. fields but i don't have that much. and what if you really can't come back. some aria is determined to complete her

degree are you becoming more flexible. i think we latin americans are like that. if something doesn't work out we look for an alternative. stays in touch by phone with her siblings who are also studying in europe she has almost run out of money she does her course work online but can't afford to do much else. i would like to buy some new clothes for the summer. because of the coronavirus it's not so easy. i can't bear to watch. that happen. enough money to buy much. except for

a few little things. click it could be 3 groups. the german government is providing interim financial aid to students and hardship including foreign students the maximum is $500.00 euros a month probably not enough to tide her over. for. well $500.00 euros it's a start but where is the money for this aid coming from our state coffers of the telsey not necessarily countries around the world are running up an astronomical amount of debt in a bid to safe their economies and who will get stuck paying back all that money right may well be down to the younger generation to pick up the pieces. u.s. . vast sums of being spent to bail out the ravaged economies hundreds of billions of euros in germany. in india.

probably in china. am to midnight it states trillions. governments have to borrow most of this money but who will pay that debt back. today's elderly or today's young. much public debt only comes to you decades later that means today's young will carry the can in many countries. there is already a shortage of jobs and training opportunities for higher taxes and spending cuts are quite likely in the future so are today's millennial as the main losers in the coronavirus crisis. not necessarily they might also stand to benefit if investment is focused on shaping the future. education digitalisation. environmental protection.

if firms are kept going through the crisis jobs should become available again holders of government bonds should eventually get paid out to days young will inherit public debt but some of them will also inherit government bonds so members of the same generation will be paying each other back foot. if an economy grow strongly repaying debt won't be a huge problem. protracted crisis by contrast would be a disaster. inflation bankruptcies mass unemployment would be much worse for coming generations than inheriting a pile of public debt. now that in the midst of every crisis lies great opportunity that's a quote attributed to einstein a genius so he should know so where's the upside to this pandemic if you work in

the digital sector you may be feeling it digital services are in she just in months these days and those providers are busier than ever while others are struggling what does it feel like to be on the winning side we met up with young entrepreneurs in johannesburg. so it all the former home of nelson mandela is usually a tourist magnet but since the coronavirus crisis the streets have been cleared and the stores closed standing in front of his empty shop causa feels completely helpless. the. business. business. question yeah. it's

a devastating situation for young entrepreneurs state support is only available for large companies experts predict youth unemployment will rise even more this year. but those who will set up digital business models before the crisis are in a much better position to ride out the shutdown like yoga teacher and influence t.v. milo sylacauga 4 years ago today milo started to live stream her daily practice sessions since the lock down her number of viewers has skyrocketed. here is a lot of money for wasn't things that we do because not it's not a musician and i mean you instruct. both markets and because people are looking for music and some people want to stay healthy so in general for me i think it's been good and more so right now if you can continue. around 1000 people tune in every day the training sessions are free for everyone to mellow

earns money by promoting a clothing label which she wears during the session. to mellow isn't the only one who is making the most of her digital business. is also exploring the possibilities of that live stream. together with other artists like cujo is developing a new commercial for him and. he's certain that this technology is a growing trend that will last long after the cold beats 90 crisis to him the possibilities are endless i'm looking forward to having like a live concert. live concerts where you can actually purchase a ticket and have some kind of code that you put in just to get your product and things. definitely that's in march south africa's 1st

cyber party took place it was a huge success with a lineup featuring many popular musicians and deejays a mammoth 700000 listeners to the online event. but for many young people who are losing their income this offer as little solace expensive internet rates and poor connectivity mean that everyone can simply go digital still calls in so little is trying to make the best of things he started marketing his clothes over what's up and facebook he says the crisis has made him rethink the way we. think it is. when it comes to. getting out of your comfort zone. and trying to make it. trying to make something out of nothing i think it's a. situation that you can

see. there's still room for improvement he's sold just 2 pieces so far but calls are ses he want to let the virus win like many others he's in this for the long haul. that's the right spirit it's all about having the right attitude especially in times of crisis it is something many of us have to learn because the coronavirus pandemics might be the 1st real crisis we've lived through but all the generations before us also had bass share of troubles so how did they cope my colleague. went to his mother for advice. this is one is it true it's a completely new experience. i'm alone. how slim is moving i can only go out if absolutely necessary. is us and also how can i cope.

mama mama knows best i ask her. if. i didn't leave my she always has advice for me come on that would often she'd have an answer this time to my mother my mum always say son sit up straight even now. sit up straight. with me it's a great opportunity to sit up straight for a few days if you can't go out. on what is not my mother grew up in the country on a farm she's worked hard all her life she's always well dressed she likes red lipstick there are a lot of photos of fruit with red lipstick. she hates branded fish it doesn't go with fish she says she loves brussels sprouts she had to do she has lived through

so much wall in crisis. since you've been she was and is always so calm. and well dressed. ok projects have been canceled or postponed you can be angry about that you have a right to be angry all of us like mama would say this yes it's really awful another time of secretary rice's it's not the 1st time she's had to make sacrifices she doesn't say god it's so terrible what can we do you get something instead she says and we wait it out and then carry on and we grow in the process that sort of special quality of hearse and if i have learnt one thing from mama gets to not stand still but instead see the opportunity to do things differently this crisis is

changing so much how we communicate how we manage projects really for many of us it's a great opportunity to do something you always want to but never dare to you up to now now is your chance and this crisis opened up or a singing. opera singer. he's got a concious mama right now we're getting her it would be too dangerous but she takes that in stride too if you mean i miss her she misses me but if she keeps on saying that's just the way it has to be for now we have a phone twice a day every day. so look after each other and learn from one another down then we have gained something from the crisis. good advice and yes being a hopeless optimist myself i agree its pace to remain optimistic but the well young

or old we're all in this together that's all from major this week thanks for joining us.

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this is deja vu news live from berlin protests in russia calling for a future without president putin moscow police cracking down on the demonstrations more than a 100 people arrested after protesting against reforms that could give putin another 16 years in office also on our show rising waters behind the renaissance standing fiocco threatened water should.