FT News Briefing Covid-19 death toll, gap between financial markets and economy, Berlin’s reopening
Apr 27, 2020
Recent analysis suggests the COVID-19 death toll could be 60% higher than official figures. Financial markets are thriving, creating a stark contrast with the troubled global economy. Central banks are playing a significant role in this unprecedented market surge. Meanwhile, Berlin's recent reopening unveils a cautious recovery marred by fears of job losses and potential outbreaks. Retail businesses face unique challenges, with varying regulations impacting operations and consumer confidence.
AI Snips
Chapters
Transcript
Episode notes
True COVID-19 Death Toll
- The Financial Times analysis suggests the global COVID-19 death toll is 60% higher than official counts.
- Excess deaths compared to previous years reveal underreporting, especially where testing is limited.
Market-Economy Divergence
- Despite a crashing global economy, stock markets are surging due to central bank intervention.
- Aggressive bond-buying by central banks prevents a financial crisis, boosting investor confidence.
Berlin's Subdued Reopening
- Berlin's shops reopened, but the city remains subdued due to fear and economic devastation.
- Despite Germany's success in containing the virus, public spaces remain largely empty.