Tag: great
Written by Gabriel HerveyApril 10, 2020
World faces worst crisis since Great Depression: IMF chief
News Business Article
WASHINGTON: The global coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said on Thursday (Apr 9). The warnings about the damage inflicted by the virus already were stark, but Georgieva said the world should brace for “the worst
Written by Gabriel HerveyMarch 26, 2020
Commentary: The great coronavirus pandemic will lead to another – of unemployment
News Business Article
NEW YORK CITY: The fallout from the coronavirus pandemic will be nothing like that of the 2008 financial crisis, nor will a V-shaped recovery be achieved through conventional stimulus – not even through truly massive conventional stimulus. The world is at war with COVID-19, and in wartime, civilian production grinds to a halt and the only
Written by Gabriel HerveyMarch 23, 2020
Echoes of Great Depression as Australian jobless queue for help
News Business Article
SYDNEY: Jobless Australians flooded unemployment offices around the country Monday (Mar 23) as Prime Minister Scott Morrison warned the coronavirus pandemic would cause an economic crisis akin to the Great Depression. After a record 29 years of economic growth, Australia is poised to spiral into recession as the global coronavirus outbreak wreaks havoc on the
Written by Gabriel HerveyMarch 9, 2020
Commentary: On sick leave, but China still makes great leap forward in Med Tech
News Business Article
SINGAPORE: It’s hardly surprising that online gaming, video streaming and fresh food e-commerce are in high demand during what has become over a month of (self) quarantine for many Chinese during the outbreak of the COVID-19 virus. More interestingly, adapting quickly to this new reality, Chinese schools have massively adopted online education and Chinese companies
Commentary: The great COVID-19 race for protective medical gear and ventilators
ABU DHABI: With more than a million infections and over 65,000 deaths around the globe, doctors and other frontline healthcare responders are facing twin problems and calling for help. First, the acute shortage of personal protective equipment (PPE) – masks, gowns, gloves and eyewear that protects them from the virus while tending to patients in