France outbreak pandemic economy Coronavirus France

Great Depression-sized slowdown seen, but some light appears

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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus.

________________________ GLOBAL MALAISE: Economists are still trying to put into context the shock that the world has absorbed, and will absorb.

On Tuesday, the International Monetary Fund put the damage at Great Depression levels. — France is forecasting an 8% drop in growth this year and is staring down its worst recession since World War II.

And that 8% drop may be optimistic, Finance Minister Bruno Le Maire said Tuesday. France is pumping money into unemployment benefits and helping struggling businesses.

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Chris Barber - Tamara Lich - Pat King - Tamara Lich, convoy organizer, denied bail as judge notes ‘grave’ nature of charge - globalnews.ca - city Ottawa
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Tamara Lich, convoy organizer, denied bail as judge notes ‘grave’ nature of charge
Tamara Lich, one of the organizers of the so-called “Freedom Convoy” that blockaded the nation’s capital for three weeks, will remain behind bars after an Ottawa judge denied her bail.“These offences are grave,” said the presiding judge ruling on the bail application.Lich was arrested on Thursday evening as law enforcement in Ottawa began a major push that lasted through the weekend to clear out the convoy blockade following the invocation of the Emergencies Act.In a video posted by the convoy’s official Twitter page, Lich could be seen being led away by officers and saying “hold the line.” Tamara Lich, convoy organizer, arrested amid ‘major’ push to oust blockade The judge referenced that comment during the bail hearing.“You have had plenty of opportunity to remove yourself and even others from this criminal activity but obstinately chose not to, and persistently counselled others not to either,” the judge said, adding that “this community has already been impacted enough.”The Crown is also seeking a non-communication order that would bar Lich from any communications with  three fellow convoy organizers and leaders: Chris Barber, Pat King and B.J. Dichter.Barber is charged with counselling to commit the offence of mischief, counselling to commit the offence of disobey court order, counselling to commit the offence of obstruct police.He was granted bail on Friday.
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