Topic: Middle East Respiratory Syndrome

1 chapters across the catalog

About Face!
Episode 729 1:10:00 - 1:12:59

729: About Face!

MERS Outbreak, South Korean Economic Impact

South Korea's central bank cut interest rates to a record low to combat the economic fallout from a MERS (Middle East Respiratory Syndrome) outbreak. The government is concerned that fear of the virus will cause consumer spending to freeze, particularly in the country's massive shopping malls. Max Keiser is quoted suggesting that the financial pressure on populations like Greece can lead to extreme social consequences.