Covid has unleashed a vast global economic experiment

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Manage episode 273925996 series 2688235
By Slugger O'Toole. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In today's Cargo of Bricks, we take our first look at how the southern economy is coping with the shocks to the labour market in particular. With my guest Dan O'Brien, chief economist at the IIEA in Dublin we cover...

  • It is absolutely impossible to read too far into the success or failure of what amounts to 'the biggest social policy or political experiment in decades'. Government is able to hold to it's massive intervention in the labour market for now, but in 6 to 9 months it could get 'hairy'
  • We are far from understanding the effectiveness of different countries approaches to fighting the Covid crisis, but there are no golden bullets. Some think the Fortress New Zealand approach works but their economic contraction in the second quarter was similar to Italy's and Belgium's.
  • If there is a sliver of good news from an Irish point of view it is that world trade did not contract by as much as expected. The Republic's substantial pharmaceutical industry ensured that they were the only European country to increase exports in the first half of 2020.

In the meantime, you can catch up on Cargo of Bricks and In Conversation and subscribe on Apple Podcasts | Google Podcasts, Spotify, or wherever you get your quality podcasts.

40 episodes