Amidst huge global uncertainty, one thing we can say for sure is that recession is coming, brought on by lockdowns ordered by governments in order to prevent the spread of Covid-19.

In episode one of CoronaNomics, Joseph Stiglitz and Vince Cable talk to Ben Chu about the Deliberate Recession, and the impact of coronavirus on business, jobs and the economy.

The aim of government policy is, effectively, to stop a considerable amount of economic activity, leading us to a deliberate recession. So if recession is the result of government policy, what does success look like? How does government weigh up lives versus livelihoods? And what’s the coronavirus lockdown exit strategy?

CoronaNomics is presented by Ben Chu (Economics Editor of The Independent). This episode features an interview with Joseph Stiglitz, former chief economist at the World Bank, advisor to past US Presidents Bill Clinton and Barack Obama, and winner of the Nobel Prize in Economics in 2001. We also speak to Sir Vince Cable, Business Secretary in the UK’s coalition government between 2010 and 2015, until last year the leader of the Liberal Democrats. Vince is currently a visiting professor at the Institute of Global Affairs at the London School of Economics.

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