Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Big Books & Bold Ideas with Kerri Miller
Chris Farrell, Kelly Gordon and Breann Schossow

COVID-19’s economic wallop

People stand in front of a wall of monitors.
Traders work on the floor of the New York Stock Exchange during the opening bell on Tuesday in New York.
Timothy A. Clary | AFP via Getty Images

Go Deeper.

Create an account or log in to save stories.

Log inCreate a free Account

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Show me!

To say the global economy is anxious right now would be an understatement.

Monday, trading on the U.S. stock market stopped just ten minutes after opening, when steep losses triggered a stop-gap measure meant to prevent a free fall. Tuesday, several American airlines announced deep cuts to their domestic and international schedules and downgraded their previous earnings outlook. Hundreds of other companies, from Starbucks to Amazon to Apple, have issued warnings that their Q1 financial reports will be dire.

How did a health crisis become an economic threat?

Chris Farrell, senior economics contributor at Marketplace, took a look at how COVID-19 is infecting the health of the global economy. In addition to millions of people who have contacted the virus and the thousands who have died, will the virus also take down the world’s financial systems?

Guests:

  • Desmond Lachman, resident fellow at the American Enterprise Institute

  • Betsey Stevenson is a professor of public policy and economics at the Gerald R. Ford School of Public Policy at the University of Michigan.

To listen to the full conversation you can use the audio player above.

Subscribe to the MPR News with Kerri Miller podcast on: Apple Podcasts, Google Podcasts , Spotify or RSS.