PCR : Post Covid-19 Recovery
PCR : Post Covid-19 Recovery
The National News
The pandemic has triggered an economic crisis such as the world has never seen. The economic downturn was followed by an unprecedented rebound. It all happened so fast. It left us with a torrent of numbers and seemingly inextricable questions. Welcome to PCR, a special limited series by The National in which we try to make sense of the numbers and answer important questions on the Post Covid-19 Recovery. Listen to prominent economists and business leaders as they explain the challenges and opportunities of a unique and often complex economic recovery. Join Mustafa Alrawi, assistant editor-in-chief as he explores the many features of the Post Covid-19 Recovery.
Episode 5 : Travel, tourism and hospitality
In 1950, around 25 million people took international flights. By 2019, there were more than 1.5 billion passengers flying to international destinations. Then the pandemic hit. The travel and tourism industry has been one of the most affected sectors by the pandemic. Before the pandemic, travel and tourism accounted for one in four new jobs created around the world. The pandemic has not only disrupted travel, tourism and hospitality, it has also transformed these industries. Find out more about how these sectors are recovering and what are the new trends emerging during the Post Covid-19 Recovery. Guests: Tiffany Misrahi, Vice-President of Policy and Research at The World Travel and Tourism Council Haitham Mattar, Managing Director of India, Middle East & Africa at IHG Hotels and Resorts Narrated by: Mustafa Alrawi, The National's assistant editor-in-chief
Dec 22, 2021
27 min
Episode 4 : A very expensive recovery
The Post Covid-19 Recovery continues to progress whilst inflation is reaching historic levels and consumers are being squeezed by higher prices. The annual rate of inflation in the United States hit 6.2 per cent in October 2021, the highest in more than three decades. On the other side of the Atlantic, inflation has pushed the cost of living in the UK in October to a 10-year high. Global food prices have hit the highest level in over a decade after rising by more than 30 per cent in the last year, according to the United Nations Food and Agriculture Organisation (FAO). But what does that mean for the economy? What does higher inflation tell us about the state of the recovery and, most importantly, why is a persisting high inflation a real threat to the recovery ? Find out more about what is causing these historic inflation rates and when economists think the situation will start improving. Guests: Laurence Boone, Chief Economist at the Organisation for Economic Co-operation and Development, OECD Petya Koeva Brooks, Deputy Director in the IMF's Strategy, Policy, and Review Department Mahir Rasheed, US economist at Oxford Economics Simon MacAdam, Senior Global Economist at Capital Economics Ezra Greenberg, Partner, Strategy and Corporate Finance Practice at McKinsey and Company Martin Hirt, Senior Partner at McKinsey and Company Narrated by: Mustafa Alrawi, The National's assistant editor-in-chief
Dec 22, 2021
28 min
Episode 3 : Trade disruptions and the future of globalisation
Fact No 1: no one really predicted the recovery to come with supply disruptions and bottlenecks. Fact Number 2: there is a consensus that supply-chain disruptions are transitory. But what caused these bottlenecks in the first place? And what happens to the recovery if these disruptions persist longer than expected? Could the pandemic and the recovery signal the end of globalisation as we know it? Guests: Petya Koeva Brooks, Deputy Director in the IMF's Strategy, Policy, and Review Department Simon MacAdam, Senior Global Economist at Capital Economics Silja Baller, Insights Lead, Frontier Insights, the World Economic Forum Mahir Rasheed, US economist at Oxford Economics Narrated by: Mustafa Alrawi, The National's assistant editor-in-chief
Dec 22, 2021
23 min
Episode 2 : Employment and the future of work
The pandemic has caused the loss of 255 million full-time jobs, or approximately four times greater than the number lost during the 2009 global financial crisis, according to the International Labour Organisation. That’s equivalent to $3.7 trillion in lost labour income. The pandemic has not only disrupted the labour market, it also triggered many transitions and in some cases a deep transformation of working tasks and arrangements. What do job mismatches tell us about the labour market ? What are the underlying trends that are shaping the future of work ? Guests: Petya Koeva Brooks, Deputy Director in the IMF's Strategy, Policy, and Review Department Silja Baller , Insights Lead, Frontier Insights, the World Economic Forum Lydia Boussour , Senior US Economist at Oxford Economics Martin Hirt, Senior Partner at McKinsey and Company Narrated by: Mustafa Alrawi, The National's assistant editor-in-chief
Dec 22, 2021
27 min
Episode 1 : The light-switch effect
What happens when the economy shuts down and then reopens almost overnight? Two years ago, this question would have sounded far-fetched. The scenario was simply unthinkable. Today we are navigating through the complex reality of a light-switch-type economic recovery. The rebound has been uneven across countries and industries, creating mismatches and disruptions. Will the world emerge from the pandemic with wider fault lines between rich and poor countries or will the recovery be strong and even enough to bring prosperity and growth for developing countries? Guests: Petya Koeva Brooks, Deputy Director in the IMF's Strategy, Policy and Review Department Mahir Rasheed, US economist at Oxford Economics Haitham Mattar, Managing Director of India, Middle East & Africa at IHG Hotels and Resorts Ezra Greenberg, Partner, Strategy and Corporate Finance Practice at McKinsey and Company Martin Hirt, Senior Partner at McKinsey and Company Narrated by: Mustafa Alrawi, The National's assistant editor-in-chief
Dec 22, 2021
24 min