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Nouriel Roubini: Risk in the Age of Bank Failure

Real Vision: Finance & Investing

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The Economic Costs of Pandemics

There's a very strong correlation within global climate change and global pandemics. As we destroy the animal ecosystems by encroaching on them what's happening is that animals that have pathogens like pangolin bats and others get closer to livestock animal and to humans. That's why we have these zoonotic diseases that transfer from animal to human. We're still recovering from the consequences of COVID-19 which led to dozens of millions of people dying, as well as economic costs in the trillions or dollars. So it's not just economic and financial impact is also the severe social health political and geopolitical of pandemics," he said.

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