chief economist says it's going to take 5 years for the global economy to recover from colvin carmen reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the gross domestic product will fall 5.2 percent this year they recommend governments focus on strengthening health services and providing financial support to the private sector and citizens. but that's harder to do in some places than others the coronavirus has thrown africa into its worst economic crisis in decades key streams of revenue like raw materials and tourism have dried up along with the foreign currency that would have been generated as a result many african economies that burdens are bulging. economies across sub-saharan africa struggling to cope with the fallout from the pandemic some like kenya and tanzania have been hit hard by the collapse of the tourism industry oil rich angola and nigeria meanwhile losing revenue as exports to indulge you to record low prices debt loads in some sub-saharan countries are expanding so rapidly that they're be

chief economist says it's going to take 5 years for the global economy to recover from cove it carmen reinhart says that the pandemic represents the largest economic shock the world has experienced in decades the world bank predicts world the gross domestic product will fall 5.2 percent this year they recommend governments focus on strengthening health services and providing financial support to the private sector and citizens. but that's harder to do in some places than others the coronavirus has thrown africa into its worst economic crisis in decades the streams of revenue like raw materials and tourism have dried up along with the foreign currency that would have been generated as a result many african economies that burdens are bulging. economies across sub-saharan africa struggling to cope with the fallout from the pandemic some like kenya and tanzania have been hit hard by the collapse of the tourism industry oil rich angola and nigeria meanwhile losing revenue as exports to indulge you to record low prices debt loads in some sub-saharan countries are expanding so rapidly that they're be

i lump claudia sahm in with carmen reinhart and vincent reinhart, with my essay of the summer on pandemicee with the reinharts that we are on the edge of a pandemic depression? claudia: yes, it is absolutely serious the economic conditions we are facing right now. claudia, you are allowed to have longer answers. it is a simulcast. but what is the difference between a recession and a depression? claudia: at this point, i wouldn't worry so much about the words. i am absolutely frightened at the fact that really has expired , particularly relief that was going to the unemployed and to small businesses. it doesn't matter what we call it. we are seeing an income crisis. we are seeing in action from washington, d.c. we can't afford to do this again. it will be worse than, say -- it would be worse than, say, the great recession. we are seeing levels that haven't been seen since the great depression. we can do this again. consumerve seen spending continued to remain strong. how do you reconcile this? claudia: person or -- personal income in july, 5% of it was due to the extra $600 that was going