I'm here to warn you
something bad is
going to happen in a matter of months - we have dr.
Dzul's our health minister now so
very good hands - okay wait he's not our
hospital anymore? so what happened is
this the bad news that you're telling me
that we're going to get a new government
before an election you'll see but then
it's not even half as bad we are facing
a global recession listen
incise going live in 3 2 1
cue you know I asked min here I hope you
are staying safe wherever you are if you
are from the future I believe that you
will be confused probably why you've
been used around this time tubes asking
you to be stay stay at home wash your
hands and all these other things that
people will not normally see I guess
it's because we're facing a pandemic of
it 19 also known as criminal virus
disease 2009 many are infected hundreds
of thousand has lost their lives and
before we dive deeper into our
discussion of forbidden to my session I
believe that you have to know what a
recession is if you know what a
recession is you can keep here if not
it's this unique so a recession is when
there is a downfall in production income
and also employment so the nation's GDP
or gross domestic product resources
consecutively aka declines so this means
that spending and production in the
country has decreased collectively which
is not a good sign the negative impacts
of the recession it's just unimaginable
for our Intel people find jobs people
lose their assets due to the inability
to pay their loans but it some facts
honestly the school that you would like
to know before we go deeper into this
video is the answer in Wadena Singh has
mentioned
using 2.4 billion ringgit per day during
this MCO malicious GDP will drop 35
billion if we were to extend MCO for
Allen my as our path made 25 many
countries hatch that lifting the
restrictions after lockdown this means
that people could start working again
businesses and industry can open and
operate again and the economy can start
rolling the International Monetary Fund
I expect the economy to drop around 3%
why is this recession somehow an army is
because this ruble recession is not
really expected as compared to the
previous global financial crisis they
actually have months predict that the
economy is going to drop but for this
Kobe 19 it was such a shot another thing
is that worldwide tree has shut down
this one door for economic growth so
there are two factors relating to the
Cova 19 recession
the first is the oil price war and
secondly is international trade so for
all price war countries have started to
be locked down starting from high so
this means that people are not really
traveling the demand for oil has
decreased when the demand of
the price of oil will decrease as well
by the demand decrease effect suggested
to decrease the supply by producing less
oil so that it could stabilize the oil
price however Russia rejected the
suggestion before you start putting the
blame on Russia you have to understand
why the Russia actually preached at this
suggestion is because you have to
understand the Russian oil wells are in
Siberia Siberia temperature is very cold
compared to the oil wells in Saudi
Arabia this means that when you reduce
the oil production the tendency for this
oil wells to freeze is high this Russian
oil companies have to spend more to
repair their own wells after diga fruits
another reason is that unlike Southie
you which they're all companies are
owned by the government which is our own
oppression all companies are private by
these businesses have to actually take
in more costs this is why I shall reject
the suggestion driven by effect as a
response approaches rejection Saudi
Arabia doubles there are our production
this means that the price of oil has
already decreased from the following
demand but now Saudi Arabia is
increasing the supply of oil which
crushes the oil price also in oil and
gas companies are facing salary cuts and
are being laid off at work it might be a
good thing for shipping and Korea
industry since they get to cut cost in
fuel however it wouldn't do such a good
when countries start closing the
international borders which relates to
my next point which is international
trade the World Trade Organization has
expected this year street value to drop
around 13% to two-person I think this is
worse than the 2008 global financial
crisis
in which trade volume only drop around 4
percent utilization meets the
interdependent
this means that we rely on more than one
state in order to produce something
hence when countries but too close
borders do to lock down on commitment it
actually brings it difficult for
production when we have less production
we will get less income people are
either on unpaid leave lose their jobs
or are unemployed two things affecting
us the virus that may kill us and this
recession
there are some ways to save ourself from
a recession firstly policies which by
the government I believe many of you
already know about the financial
stimulus packages by the
but once our Hedo but what we have
tonight that have been dated by our
prime minister and i believe in many
other countries you guys have your own
government initiatives to ensure that
you guys hopefully have food to serve on
the table this financial stimulus
packages where the government includes
fiscal policy and monetary policy for
example the 200 ringette that university
students receive that is monetary policy
the government gives you money
these are expecting the money to
directly ruled by the government
so for fiscal policy its when there is
sister elation of cash in the economy
when you lower the interest rate upon
knowing that s fiscal policy so when
this mrs. perrault money the profit that
they will receive in the long run will
be taxed so this tax will go back to
government hence the government will
still receive money that they've lost
from the decrease of
interest rate however only if fiscal
policy is more than a monetary policy is
when the country's economy will resolve
anything has been here if you want to
know more about the financial stimulus
package I will link the article written
by our president Kuran description is to
defeat the coronavirus you see the trade
my country successfully defeat
coronavirus their economies get better
for example Sweden New Zealand Taiwan so
this is why we have to stay at home we
have to wash our hands don't go to
public places please listen to the
guidelines try to work out organization
together we can defeat this virus and
also the global recession
thank you for watching us well the game
site is a color version program between
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