Ex Lehman chair warns coronavirus economic hit is worse than 2008

As the coronavirus pandemic grinds on, the death toll is rising. But in many places, the economic toll is rising even faster. In this episode, featuring content from the Bloomberg Businessweek podcast, we take a look at the economic impact of the coronavirus and what governments around the world are doing about it. South Africa, with its high debt burden, low growth, and fragile households, may be particularly vulnerable to the economic shocks the pandemic is causing. – Felicity Duncan

The coronavirus pandemic has – at the time of writing – seen over 300,000 people infected and over 13,500 people killed. While the death toll and the suffering of those still fighting for their lives in hospitals around the world is terrible, more and more people are also grappling with economic pain.

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