The World of Business7 Maj 2020

Economic Recovery in the USA

With the highest Covid19 death toll in the world, and 26 million Americans claiming unemployment insurance, the US economy has taken a massive hit. But how quickly can it bounce back?

Will America’s economy will be strong enough to pull its weight in the global economy? Economist Jim O’Neill explores the current scale of the problem and asks how resilient are US businesses and the country’s economy.

In Business hears how Nobel Prize-winning economist Paul Romer has devised A Roadmap to Responsibly Re-opening America, which seeks to balance the health priorities with the pressure to open up the economy again.

The story of a small bakery in Brooklyn, which has had to lay off its workers, is illustrative of the damage that has been inflicted on businesses across America. Has the fiscal response from the authorities been sufficient to protect businesses so that they can recover once lockdowns end?

Is American manufacturing sufficiently flexible to pivot and adapt to the changing circumstances of the Covid health crisis? And will one of the longer term consequences of the crisis be a re-thinking of the character of American capitalism?

The answers to these questions will shed light on whether American will still be able to play its traditional crucial role in the global economy.

Presenter: Jim O'Neill Producer: Philip Reevel

Picture Credit: Getty

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(470)

Still in Business

For the final programme of the series, John Murphy returns to a selection of businesses that have come through this far. A fabric and haberdashery shop, a fruit farmer and a micro-pub. What’s their st...

24 Sep 202027min

Building Back Better

The pandemic and the resulting recession have led to widespread calls to recognise that we now have a once in a generation opportunity to re-think how we put the economy back together again. Research ...

17 Sep 202027min

Wine, Widgets and Brexit

As Brexit talks between the European Union and the UK got under way earlier this year, before anyone was using the word “pandemic”, Caroline Bayley began following two companies which both export to B...

10 Sep 202028min

The Tree Trade

Politicians keep promising more trees – seen as good for the environment and for fighting climate change. Trees are also big business sustaining vital rural jobs. So will lots of new planting keep eve...

3 Sep 202027min

The March of Robots

Robots and Artificial Intelligence have been moving into our workplaces for years. But is now the time that they will become fully established and take over some jobs entirely? Is the march of the rob...

27 Aug 202027min

Black Business Matters

Sparked by the Black Lives Matter protests around the world that followed the death of George Floyd, companies are wading into the conversation on racial inequality. With a focus on diversity in busin...

20 Aug 202027min

Keep up at the Back!

The UK fitness industry employs twenty thousand people and is worth an estimated £5 billion to the economy. But - like most other industries - it shut down overnight in March. Some teachers and traine...

13 Aug 202028min

The Gatwick Effect

The coronavirus pandemic and the associated global economic lockdown have had a dramatic impact on businesses across the UK, perhaps none more so than on the aviation industry and airports like Gatwic...

6 Aug 202027min