Covid-19 and global capitalism

It’s a cliche by now to say that Covid-19 has upended our economy. Industries have ground to a halt, and are only just beginning to start up again. Just this week the UK plunged into recession, with the worst drop in GDP of any G7 nation. But what about outside the G7? How have the effects of Covid ricocheted around the global economy? In the last few episodes we’ve heard how Covid-19 has affected government spending, unemployment, and the hostile environment in the UK. For this episode, we want to look farther afield at how the pandemic is affecting economies across the world - especially in the Global South. Ayeisha is joined by Dr Tobias Franz, Lecturer in Economics at SOAS and Shreya Nanda, Economist at the Centre for Economic Justice at the Institute for Public Policy Research. ----- Researched by Margaret Welsh. Produced by Becky Malone. Music by Blue Dot Sessions and Poddington Bear, used under Creative Commons licence. Enjoying the show? Tweet us your comments and questions @NEF! The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org