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Feb 27, 2020

World economy forecasted to slow to Great Recession pace

Can economic policymakers compensate for this virus? Housing shortages move to the heartland. Contrary to Keynes’ prediction, the American workweek is still really long.

Bank of America has cut its global growth forecast for 2020 to 2.8%, which would be the lowest reading since 2009. — Bank of America has cut its global growth forecast for 2020 to 2.8%, which would be the lowest reading since 2009.
Kazuhiro Nogi/AFP via Getty Images

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Segments From This Episode

The housing shortage isn’t just a coastal problem
by Justin Ho
Stephen Brashear/Getty Images for Redfin
New research from Freddie Mac shows Minnesota, Idaho and Montana don’t have enough homes to meet demand.
“Scarcity” and why we don’t have a 15-hour workweek
by David Brancaccio and Daniel Shin
Hulton Archive/Getty Images
Boston College professor Juliet Schor explains why the U.S. has never had anything close to a 15-hour workweek.

Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director