Name: The $12 trillion ripple effect of Covid-19 [Advertiser content from the Gates Foundation]
Uploaded: 2020-10-08T18:10:18.000Z
Duration: 3 min 20 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

the global economy is losing $500 billion due

It hasn't been this bad since the end of World War II,

of another infamous global economic crisis,

the COVID-19 pandemic has created a cascading crisis

with impacts far beyond the realm of public health.

and it's happening right now on a global scale.

It's the idea that disasters end up creating

A ripple in one sector in one country is felt globally

The disease has been disproportionately devastating

And despite their best efforts to respond,

limited resources means a more limited effect.

2020 wiped out the sustained economic gains

widening the vast wealth gap between high income countries

- [Vishal] G20 countries spent over 20% of GDP

whereas developing countries spent about 3%.

even at the time you're being asked to do more

to sort of mount a response for your people.

- [Narrator] The economic and societal ripples from COVID

won't fully get addressed without a multilateral response

Fighting the virus requires treatment and solid diagnostics

in the short term and vaccination in the medium.

where we're able to get the virus under better control

Governments are able to protect their people

and that the temporary problems stay temporary

empowers communities, particularly women,

Yes, COVID-19 can create ripples outside of public health,

but the right response to it can have societal ripples

The fight against poverty and disease is measured every year

But progress has almost entirely regressed.

So the foundation's 2020 Goalkeepers report

analyzes the damage the pandemic has done and is doing,

and advocates for a collaborative response.

- [Vishal] I would like to think that we can come back

in a way that recognizes the interconnectedness

and gives us a blueprint on how we tackle

that we might not have been able to do before.

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The $12 trillion ripple effect of Covid-19 [Advertiser content from the Gates Foundation]

recognize

depression

pandemic

vast