Le Maire on The Coronavirus Impact, Digital Tax, Globalization

The video discusses the economic impact of the coronavirus, highlighting the need for continuous monitoring by the G20 and IMF. It examines market reactions, with equity markets optimistic about a V-shaped recovery, while bond markets remain cautious. The discussion shifts to fiscal and monetary policies, emphasizing the need for fiscal measures to support growth, especially in the eurozone. Progress on digital taxation is noted, with a consensus among G20 members on a new international taxation system. Finally, the video addresses globalization challenges, advocating for fair trade and strategic autonomy in supply chains.

What is the main concern regarding the impact of the coronavirus on the global economy?

• The effect on tourism

• The impact on local businesses

• The long-term effects on economic growth

• The immediate recovery of the economy

Why is there a need to focus on fiscal policy in the eurozone?

• Because monetary policy is no longer effective

• To increase government spending

• To reduce taxes

• To control inflation

What is the goal of the new international taxation system discussed in the G20?

• To increase tax rates globally

• To establish a digital and minimum corporate tax

• To eliminate all taxes

• To focus solely on digital taxation

What is the expected outcome if the new international taxation system is not decided by the end of 2020?

• Multiple national taxation systems

• A unified global tax system

• An increase in digital taxes

• A decrease in corporate taxes

What is a major concern for globalization in light of recent events?

• Reduction in global tariffs

• Expansion of global trade

• Dependence on foreign supply chains for strategic goods

• Increased international cooperation

What is the stance on trade exchanges among major continents?

• They should be reduced

• They should be based on fairness and sovereignty

• They should be unrestricted

• They should focus on digital goods only

What is the suggested approach to handle strategic goods in trade?

• Focus on digital goods

• Increase imports from China

• Develop independent supply chains

• Rely on international supply chains