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The economic impact of coronavirus on Ramadan

As Ramadan begins we hear how coronavirus impacts the economy in countries marking it.

As Ramadan begins we hear how coronavirus impacts the economy in countries marking it. From Egypt, we get the views of traders in Cairo's famous el-Khalili market. Hesham Safwat is the head of online retailer Jumia Egypt, and explains how people's shopping habits have changed ahead of the holy month this year. And with Ramadan normally a big moment for television advertising each year, TV commercial director Tamer Mahdy discusses how filming has become virtually impossible. Also in the programme, European Union leaders have been discussing a potential $1.6tn European Recovery Fund. The Βι¶ΉΤΌΕΔ's Andrew Walker talks us through the proposals. Economist Nuria Mas at the IESE business school in Barcelona explains Spain's proposal to share the burden of borrowing among member states. And Dutch economist Esther Rijswijk tells us why northern states are reluctant to get involved in a joint loan. Plus the Βι¶ΉΤΌΕΔ's Kevin Peachey talks us through the challenges consumers have faced around the world getting refunds from airlines for flights that have been cancelled as a result of coronavirus.

(Picture: Ahmed is a trader at Khan el Khalili market in Cairo. Picture credit: Gurdeep Mattu.)

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27 minutes

Last on

Thu 23 Apr 2020 14:32GMT

Broadcast

  • Thu 23 Apr 2020 14:32GMT