The COVID-19 recession is unfolding at historic speed and depth. New jobless claims reached 10 million in just two weeks, a record pace. Wall Street’s fear gauge closed at an all-time high in mid-March. Environmentally, though, the shutdown has come with some temporary benefits—decreased travel, cleaner water and a plunging demand for oil. But crashing the economy isn’t exactly a climate solution.
How will the coronavirus recession reshape the economy and prospects for addressing climate in a post-pandemic world? How does this economic crisis compare to others in history? Join us for a conversation with Kathleen Day, finance lecturer at Johns Hopkins University and author of Broken Bargain: Banks, Bailouts, and the Struggle to Tame Wall Street; Amy Jaffe, senior fellow at the Council on Foreign Relations; and Matt Rogers, senior partner at McKinsey & Company.
This program is generously supported by the Chan Zuckerberg Initiative and a collaborative of local funders and donors. We are grateful for their support and hope others will follow their example to support the Club during these uncertain times.
Finance Lecturer, Johns Hopkins University; Author, Broken Bargain: Banks, Bailouts, and the Struggle to Tame Wall Street
Senior Fellow, Council on Foreign Relations
Senior Partner, McKinsey & Company
Founder and Host, Climate One
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