News and Insights

Cinco Dias interviews Natixis’ Alicia Garcia Herrero on the coronavirus causing a deeper recession than that of 2008

April 7, 2020

In an interview with Cinco Dias, Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis, discusses the impact of Coronavirus as the starting signal for a new balance of forces in world order.

“We are closer to the crisis of 1929 than to that of 2008”, explains Herrero. “Now the shock is even higher than in 1929, at that time the emerging countries hardly contributed to world growth. The good news is that the response has been faster, with unlimited central bank quantitative easing policies”, she adds.

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TAGS: Financial Services