The corona virus pandemic which has caused a lockdown and near halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full. To minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time this makes the Great Lockdown the last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below pretty virus levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w
In the east bay we had an earlier crash, eastbound 24, the slowing earlier cleared. Theyre still there. No problem traveling away from the bay bridge. Back to you. Thanks, mike. Tracking coronavirus cases across the country there are now more than 337,000. The bay area has more than 3,600 confirmed cases. Santa clara county has about onethird of the overall total and at least 89 people have died here in the bay area. In the meantime on capitol hill americas Biggest Health leaders are warning this could be our roughest week yet as america continues to battle the pandemic. Tracie potts joins us live from washington, d. C. , this morning with the very latest. Tracie . Reporter laura, good morning. They say we are going to see the numbers soar this week and it will be a tough week. While things are getting worse in some areas theyre starting to get better in others. I see light at the end of the tunnel. Reporter with coronavirus cases expected to peak this week, the white house is hopeful.
You can also send us a text this morning, 202 7488003. If you do, please include your name and where you are from, and otherwise catch up with us on social media. That is facebook. Com cspan and cspanwj. A very good saturday morning to you. You can start calling in now if you are an essential worker in this country. As you are calling in, we show you this map from abc news of the 46 states and washington, d. C. That have enacted policies to close nonessential businesses in an effort to slow the spread of coronavirus. The exact number of essential by. Oyees, hard to come there is an estimate from the Brookings Institution that relied on department of Homeland Security designations of essential. Atut 7 million employees Grocery Stores, pharmacies, and bigbox stores. When it comes to the state of california, the Public Policy institute of california estimates that in a typical year, roughly one third to one half of californias labor force is employed in essential operations. The standard
The story of the great influenza pandemic of 1918 and the search for the virus there been one of the longest titles at hand, why did you write this . Guest it seemed something they would get sick and get better again. Iive never been interested at all. I wrote an article for the times about a miraculous discovery. Theres a guy at Walter Reed Medical Center and he does Science Magazine and somehow managed to get some lung tissues from a soldier that died in 1918 and the next issue there were still fragments and when i interviewed him about his work, he told me about the pandemic of 1918 and i was stunned. Id nevei had never heard of ang like this. It was the worst thing in history. If told so many people that if Something Like that came today if that killed more people than the top ten killers wrapped together, 1. 5 million mortality rate. And i found out by looking at papers by the centers for Disease Control 99 of the people that i and the epidemic were under 65 so it was a devastatin
In february. We started over a year ago. Looking at the administration 2018 bio Defense Strategy. What we found in that report is the strategy [indiscernible] to coordinate the fragmented effort, there are over two dozen es. Sidentially appointed it was a pretty well put together effort but there were another of challenges we saw. One of those things was setting priorities across all of the different agencies with their different budgets. Frankly, we are seeing a lot of these challenges come to fruition out. Or the descendent of a european. Back in 2007, we issued a report that hhs needed to better clarify their roles for what is going to happen in the case of a large domestic pandemic. The one we are seeing now. Fast forward to today, a month ago, we are seeing some of these questions about who was responsible for what, what mechanisms do we need to set up. Try to better coordinate. Is challenge we saw in this. He sustainability we still heard from the agency said it would be very dif