What economies face now may not be solely a coronavirus-triggered meltdown. As devastating as the coming recession—or depression—is likely to be, the health crisis is exacerbating problems in a system that was already under strain.
A view of Times Square hours ahead of the implementation of 'New York State on PAUSE' executive order as the coronavirus continues to spread across the United States on March 22, 2020, in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. (Photo by Noam Galai/Getty Images)
Times Square in New York City, a symbol of global growth, is empty—is that for the best?(Photo by Noam Galai/Getty Images)
In the past month, as the world grappled with the coronavirus, images circulated from the Great Influenza Pandemic of 1918: grainy black-and-white photographs of police in masks, hospitals with rows and rows of beds, Red Cross workers bearing stretchers. Then, as now, there was no vaccine. Schools, churches and bars closed, and quarantines were imposed. Then, as now, travel helped spread the virus globally (it was wartime); at least 50 million people died. And then, as now, economies were affected, though it’s difficult to calculate how much, as the Spanish flu began during the Great War, which had its own effects. The World Economic Forum estimates the outbreak reduced GDP per capita by six per cent.
One clear difference, though, is that the Spanish flu pandemic, as it’s known, did not arrive to a backdrop of anxiety about economic growth. That term came into more common use in the ensuing years; worry about inadequate growth was not the preoccupation it has been in the past decade.
Jeremić u Bakuu: Srbija da se snažno odupre prihvatanju „Kosova“ kao nezavisne države
Predsednik Centra za međunarodne odnose i održivi razvoj (CIRSD) Vuk Jeremić izjavio je u Bakuu da bi Srbija trebalo da se snažno i hrabro odupre neprincipijelnim pritiscima da prihvati nezavisnost svoje južne pokrajine Kosova i Metohije.
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Jeremić: Prihvatanje „francusko-nemačkog“ plana bi bilo samoubistvo
Predsednik Centra za međunarodnu saradnju i održivi razvoj (CIRSD) i bivši predsednik Generalne skupštine UN Vuk Jeremić izjavio je na predavanju u Diplomatskoj akademiji u Beču da bi prihvatanje „francusko-nemačkog“ plana bilo „političko samoubistvo za bilo koga iz Srbije koji bi se usudio da potpiše takav sporazum“, jer bi to praktično značilo priznavanje takozvanog „Kosova“ kao nezavisne države.
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Jeremić, Lompar i Protić o ratu u Ukrajini, Rusiji i Kosovu i Metohiji
„Rat u Ukrajini je zapravo prvi oružani sukob od mnogih kojima ćemo biti savremenici, a u kojima će dva najkonsekventnija igrača 21. veka, SAD i Kina, uzeti indirektno ili direktno učešće. Slično kao što su se prvi put u 20. veku dve supersile sudarile i došle na ivicu direktnog sukoba oko ostrva na obalama jedne od njih, odnosno Kube, tako bi u 21. veku ta lokacija vrlo verovatno mogla biti Tajvan“, rekao je Jeremić.
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Jeremić i Šmit-Traub: Nastavak rata u Ukrajini izazvaće svetsku krizu hrane
„Rat u Ukrajini je produbio postojeću krizu u sistemu proizvodnje i potrošnje hrane, koja je posledica pandemije i smanjenih prihoda, kao i klimatskih promena koje se širom sveta dramatično odražavaju na poljoprivrednu proizvodnju“, rekao je Šmit-Traub na predavanju „Kako će se budućnost odraziti na poljoprivredu, hranu i vodu“, održanom u okviru CIRSD-ovog programa “Lideri budućnosti“, čiji su polaznici postdiplomski studenti iz svih krajeva sveta.
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