Boom Bust Season 3 Episode 119 Shrinking Trade and Growth As G-20 Meets

As the G-20, or Group of Twenty, meeting approaches, the global economy is facing a number of challenges. On this episode of Boom Bust, we explore two of those challenges: shrinking trade and growth.

First, we take a look at the current state of global trade. Many countries are experiencing a decline in exports and imports, leading some to wonder if we are headed for a global trade recession. We examine the factors contributing to this slowdown, including the ongoing trade war between the US and China, Brexit, and rising protectionism around the world. We also discuss the potential consequences of a global trade recession, such as job losses and decreased economic growth.

Next, we turn our attention to the issue of slowing growth. Economic growth worldwide is faltering, with some major economies like Germany and Japan already experiencing recession. We investigate the causes of this slowdown, including aging populations and falling productivity. We also discuss the potential impact on global financial markets and what policymakers can do to promote growth.

Throughout the episode, we hear from a variety of experts and analysts, including Todd Buchholz, former White House Director of Economic Policy and author of "The Price of Prosperity"; John Quelch, Dean of the University of Miami Business School; and Amrita Sen, Chief Oil Analyst at Energy Aspects. They offer their insights and predictions on the challenges facing the global economy and what we can expect in the months and years ahead.

As the G-20 meeting gets underway, it remains to be seen what steps world leaders will take to address these issues. Will they be able to reach a consensus on trade policy and revive global growth, or will the challenges prove too great to overcome? Tune in to this episode of Boom Bust for an in-depth discussion of these crucial topics.