Migrant workers desperate to return home protest as im on my Railway Station after india extends its knock down and. Get past yourself and think about society. New yorks governor accuses donald trump of spoiling for a fight as the u. S. Death toll passes 25 pounds and. The huge cost of the coronavirus pandemic to the World Economy has been laid out in a dramatic prediction from the International Monetary fund it says 9. 00 trillion dollars is set to be wiped off the value of global output this year and next as the global lock down stops work and could create the biggest recession in almost a century in india hundreds of Migrant Workers who lost their jobs with charge that by police as they demanded to be allowed home after the lockdown there was extended new yorks governor has dismissed President Trumps claim that he has total thoresby over governors to reopen state economies another White House Briefing is expected soon but in europe the past day has seen a little more normality return some shops in austria and italy have opened their doors but the picture remains bleak in france and the u. K. And fischer has more now on the i. M. F. School economic outlook. Before we get from the International Monetary fund a stark warning this is a crisis like no other which means there is substantial uncertainty about the impact it will have on peoples lives and livelihoods as unemployment lines grow around the world as manufacturing grinds to a halt in many sectors as businesses are forced to close the Economic Impact of the covert crisis is biting the i. M. F. Issues regular reports on the Global Financial situation 3 months ago they were predicting widespread growth coronavirus has radically changed the landscape we are projecting Global Growth in 20224 to minus. 3 percent now this is a downgrade of 6. 3 Percentage Points from general 2020 a Major Division over a very short period of time this makes the Great Lockdown the worst recession since the Great Depression and far worse than the Global Financial crisis one of the biggest drops will come in the european euro zone which is expected to take a hit of 7. 5 percent the u. S. Where the president is pushing to reopen the economy is looking at a contraction of nearly 6 percent japan 5. 2 percent down the same as latin america in china where the pandemic began and has begun to reopen its economy its expected to record growth of just over one percent. The i. M. F. Is predicting that if things dont deteriorate there will be a rebound for the Global Economy in 2021 the one economist warns that might be short lived i think hes going to run into a lot of headwinds in terms of the kind of the drunk thats going to come from all the big shock thats happened over the past quarter in terms of bankruptcies in terms of lost jobs and that is going away quite heavily on demand and that is why governments and Central Banks stepping up stimulus to try and give the economy this extra boost when it comes out of this shock this induced. When you are seriously impacted the Airline Industry it seems passenger numbers dropped by half globally airlines new think theyll lose more than 300000000000 dollars this year much more than expected the i. M. F. Is urging countries to Work Together to beat the pandemic saying there is no tradeoff between saving lives and saving livelihoods alan fischer aljazeera virginia the u. K. s finance minister says bleak predictions that its economy could shrink by 35 percent over the next 3 months are just one possible scenario the office for budget responsibility says the u. K. Could be set for its deepest recession in 3 centuries with unemployment more than doubling to 10 percent by june the figures are based on the assumption of a 3 month lockdown followed by a 3 month partial lockdown where she synopses economic measures taken by the government or significantly mitigate the impact of the pandemic is we seem to have a lot of the sound on that weve got james midway whos an economist and former u. K. Treasury official he joins us now via skype from london thanks very much for being with us just to go back to the i. M. F. For carson is not the only institution thats forecasting recession but if you would you agree with the severity of what theyre forecasting. Yes its its not the only institution out there predicting forecasts for the Major Economies of the world to look really cried head raising in terms the numbers but he says the biggest one his most comprehensive for the entire globe at this point in time and he significantly worse than some of the forecasts produced barton o. E. C. D. For instance earlier in the year it reflects the changing circumstances we can see now very clearly that this is a crisis of exceptional depth and so there are 2 strikes writes of the art of how an economy works and as a result you see these extraordinary declines in g. D. P. And slumping growth continuing in the eye of su well into next year. Also suggesting that wealthy countries should suspend debt payments from some of the poor countries in the g 7 leaders appear to find as mr pitt of agreed to that but theyre saying they will be conditional on whether the g 20 agree is getting the 20 will agree to that debt suspension. Well it is free home so one of the things that as your reporter mention has been slightly short supply a jury in this crisis as being an absence of International Cooperation on dealing with the economic consequences of this is a sharp contrast with 2008 signed with cooperation by the g. 20 was was quite striking whats happened so far is an awful lot of finger pointing by individual countries china poisoning that somebody will us point that finger at china the government here in britain basically also trying to line up china to blame for this so the degree of International Cooperation is essential at this point if were going to try and get out of this is the best shape possible and the crisis of debt in the global south in the less developed world looks absolutely overwhelming when you have countries that need urgently to try and supply funds to their Healthcare Systems and their demands being placed in them to instead they did payments this is obviously not in any way shape or form something that should be tolerated so lets hope the g 20 do the right thing but it would represent a target in the crisis at this point to say that level of cooperation and what about debt in general for the countries that are providing safety net france i mean the u. K. Today the chancellor didnt want to be drawn on what it is that it might mean down the road for all this money being kind of put into the system but what do you think expect that will mean is it going to mean tax rises what will how do you pay for all this down down the road. Well it basically is it has got 3 options essentially in this 11. 00 is tax rises 2 is spending cuts and the 3rd one potentially is to simply as they are doing with at least some part of this is to actually monetize the debt which the bank of england here is now started as do using something called the ways and means facility essentially those are dropped to government to allow them to draw on the bank of englands capacity to print money to pay for some of the exceptional spending thats being made so theres a range of different options for some countries of course the debt write off is a 4th quarter issue not really being considered here my guess is that this government given this is a conservative government here in britain will want to do some version of cuts to some forms of spending but i think also its worth bearing in mind that if we treat this coronaviruses Something Like a war in terms of the mobilization aid in terms its a short duration exceptional severity in economic terms then really can look at these up in the 2nd world war and think well actually you can sustain a high level of debt for a long period of time if you have a consistent program to try and repay it and you can do that through Economic Growth you can do that through steadily raising debt through inflation there are a number of different routes that might be taken if youre prepared to take a longer view of this and allow a period of time with a higher level of debt to g. D. P. Change me to i thank you very much indeed for your analysis thank you after weeks under lockdown businesses are reopening in some European Countries but social distancing and other measures are still being inforced and nations in the e. U. Are being urged to coordinate their efforts and relax restrictions gradually paul brennan has more. After more than a month under government imposed closure the shutters are starting to be raised europe is taking its 1st cautious steps out of lock down many italian bookshops Stationery Stores and Childrens Clothing shops were allowed to reopen on tuesday albeit with strict conditions but in a country which has seen more than 20000 fatalities from the virus the relief is mixed with fear. And i think the right thing is to prevent every possibility of infection obviously one needs to balance this with the need for normal life to resume but always remembering that the risk is still very high. The. Better to be alive and poor if the shops that reopen are totally safe for both workers and customers then i am in favor i worry that there will be a lot to do to get to that stage though italy is not made up of just Large Companies with big space as they can easily be organized shops in austria are also reopening for the 1st time since mid march and although shoppers are being urged not to stampede to the sales there is a sense of optimism among viennas retailers he begun gleason 3 hoffnung followed yes actually were in good spirits the people have been locked up until now and we have already received some requests by phone and email or in the mood for some addresses yes were hopeful. Our approach over the coming months is going to be very clear as much freedom as possible as much restriction that is necessary but let me add should the figures develop in the wrong direction that we will of course hold the emergency brake which we have the in place should it become necessary. Accurate data is crucial in knowing how and when to apply that emergency break the virus is ripping through the consonance care homes where elderly residents are particularly vulnerable to infection but in the u. K. The governments daily death and infections to to stix only include hospital patients and new data suggest the real totals are much larger. Care home providers say the suggestion that u. K. Government statistics are under estimating coronavirus deaths by some 15 percent are themselves under estimates hit c 11. 00 of britains largest operating 329. 00 homes including the one behind me said the virus is now present in 2 thirds of its residences and that the deaths of one 3rd of its residents in the past 3 weeks of involved coronavirus thats more than 300 people. Britons coronavirus restrictions are being reviewed this week with a decision by thursday on the Current Evidence there is no possibility that the u. K. Will be joining its early austria and spain in starting to lift its coronavirus confinement orders paul brennan aljazeera sorry sweden has reported a shop daily rise in corona virus deaths as criticism of its approach to the crisis continues a further 114 deaths were confirmed on tuesday meaning more than a 1000 people have now died there sweden has not imposed the Strict Lockdown orders even other nearby countries to stem the spread of the virus or thirtys instead urging citizens to take it upon themselves to observe social distancing. Theres been another record day rise in infections in russia more than 2700 new cases have been recorded bringing the total known cases to more than 21000 the government says at least 170 russians have died the capital moscow is the worst affected Area Health Authorities say they could run out of hospital beds to treat the rising influx of virus patients over the next few weeks. Now police armed with batons have charged at Migrant Workers crowding a rare way station in mumbai and demanding to return home it comes after indias Prime Minister extended the nationwide lockdown of 1300000000. 00 people to may the 3rd Elizabeth Burnham has moved from new delhi. It was the breaking point for many of these Migrant Workers stranded in indias Financial Capital a few hours after promised in that interim already announced the lockdown will continue for another 2 and a half weeks at least 1500 people gathered outside a Railway Station that lost their jobs and theyre demanding transport to take them to their home states you know. We arent getting anything here the government promised to provide money and other amenities but nothing has been delivered. And we have nothing to do now weve got small children and they arent getting anything to eat what should we do. When my Police Deployed extra offices in the bandra area of the city charged with price the local police tried to reason with them but a battle group became aggressive and police had to use my force to disperse them this is the 3rd protest by Migrant Workers in recent days last week workers in the city of sort at the state threw stones and set ties and vegetable carts on fire 2 they said their salaries hadnt been paid they didnt have enough food and wanted to go home. And a day later police in delhi say Migrant Workers staying in a homeless shelter set the building on fire after fighting with the shelter staff or the food police said 4 people jumped into a nearby river after they were beaten by stuff one person drowned promise to modi acknowledge the lockdown to combat call that 19 has been particularly hard on indias millions of Migrant Workers and daily wage and is. By done by own i am well aware of the difficulties you have faced some for food some for moving from place to place and others for staying away from harms and families hundreds of thousands of Migrant Workers started walking hallmark to the lockdown was 1st announced 3 weeks ago leading to the Biggest Movement of people across the country in decades and defeating the purpose of the lockdown the government had announced aid for 800000000 of indias pour but its clear that help isnt preaching everyone and tuesdays protests showed people arent waiting on the promises of more help to come elizabeth purana aljazeera new delhi. And unders head of social sciences at Westminster University joins me via skype from london for some really desperate people trying to get out of mumbai their how how many of the of these my workers are trapped in a place where they dont now have work or or food give us an idea of the scale of this in fact a out the i reporter pointed out they started i dont think so and then we loose our work with millions of workers trapped in delhi mumbai and we have the place into the general insult of india so weve got millions around impute a 1000 in this particular place where we finally then no government explaining the workers or setting building on fire as it were because that irrational people wont let you know who the reality is the situation of their work is really dire at the reporter pointed out they have hardly full and theyre uncertain lazy and government she something the Program Based on the middle class is to say that theyre taking care of the Migrant Worker but its not everything that government and you can call them so so what measures i mean is it is the government planning to address this do you think. The big problem with the indias lockdown is that everyone waits for Prime Minister no more the speeches votes that he becomes like a dictatorial figure who will announce Something Big and many an answer he got to give you live on which is not a reassuring tone but one bear is if you have a bad game that everyone has to bear and they all know that the big multinationals are the big corporate how dare not be the same kind of being the way in my book at least if you give a concrete example and why decrease in station this took place the reality of indian river its not the idea what the cities of la bamba get over today and from tomorrow creams and place may or may not to mark i mean i may not operate now what the Indian Government did was they did not inform the public until today that prince and police will remain suspended from tomorrow so workers were the ones who had tickets to the hold and if that the individual selling them that ticket so that we get in new government has managed to be shambolic and this is whats legal belief as a matter of the law grounds what about other sectors of our other parts of the economy or the workers and unhappy with a lockdown of the order they have already sort of a baying at. No it means that most people want to wait to see even the work will have been walking for countries of kilometers you will find everything that they wait to keeping so distant from each other wreck theyre doing their level best the problem is the government promises someth