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This podcast series offers risk intelligence and analysis from RANE Network. RANE is a risk intelligence company that provides business professionals with access to critical insights, analysis, and support, enabling them to better anticipate, monitor, and respond to emerging risks and threats. In the RANE podcast series, risk management experts and thought leaders share best practices for managing business risk, geopolitical risk, physical and cyber security risks, compliance risk, and other key risks and threats that organizations face today. These podcasts empower businesses, governments, and individuals to confidently navigate an increasingly complex international environment. At RANE, we believe shared risks require shared solutions and invite you to listen in.
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Thursday Apr 16, 2020
Thursday Apr 16, 2020
In this special episode of RANE's Essential Geopolitics podcast, host Fred Burton speaks to Michael Monderer. The IMF predicts the global economy will be in decline by about 2-3% this year - IF the coronavirus that has locked things down is contained in the first half.
"If the virus were to continue throughout the summer or come back next year, unemployment would hit 1/3 of the global workforce," says Monderer, "It's not out of the question that the US unemployment rate could go to over 20 or 30%. Those numbers are people. We've never had a downturn this sharp and this fast. Even the Great Depression, when there was a 25% percent loss of output , took 3 or 4 years to develop."