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and may. Among other points Oliver and Rajah discussed had been the G20 finance action plan introduced this week, and the financial plight of creating and emerging nations. According to Rajah, the virus has inflicted a “violent and unprecedented withdrawal of funds from these international locations”. He outlines a proposal made on The Interpreter this week that Australia should extend a major loan to Indonesia, to boost market confidence and help tackle the financial shocks it is experiencing. One of the key questions concerning the economic impression of Covid-19 is whether the shock will be temporary or longer-lasting. Rajah explains on this episode why he believes the financial shock will permanently change the worldwide financial system, at least in some respects. Looking on the International Monetary Fund forecasts launched this week, he notes that even beneath the IMF’s “rosy outlook”, by the top of21 “the global economy will have already got lost at least $5 trillion”, the equivalent of missing an economy the dimensions of Japan’s. Under the IMF’s extra unfavorable situations, by the top of21 the world can be “missing an economy almost the size of the complete US”. In this episode of COVIDcast, Roland Rajah sat down with the

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