Business
Covid-19 has brought much of the global economy to a stand-still, with containment of the virus in some countries but acceleration in others. Beyond the immediate health impacts, governments are now turning their minds to economic clean up. The IMF’s recent prediction has the world's largest economies – China, the US and the Euro area – set to experience massive year-on-year contractions in 2020 before being able to recover in 2021. Australia has fared better than most nations but faces tough challenges ahead in driving its economic recovery which, as an open trading nation, depends on the health of the world economy and a willingness to trade freely for success. But with international borders closed, ongoing threats of trade restrictions between the major powers, and a virus that we have still not learnt to live with, how realistic is this? Joining me to discuss this is former diplomat, founder of the International Business Accelerator, and host of the Business Beyond Boarders Podcast – Cynthia Dearin.