The Indicator from Planet Money - The Indicator World Tour

The Indicator brings listeners economic indicators from the other six continents.

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NPR

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everyone, it's Stacy in Cardiff. This is the indicator from Planet Money. The global tourism industry has been decimated by The Cove at Penn demek for obvious reasons is just really hard to travel right now. So a lot of travel companies have adapted by offering virtual trips and tours that you can take on your computer. Now the indicator is obviously not a travel company. Now, who would you miss travel Stacey and I are going to take you are listeners on a little economics themed audio trip around the whole world. You could say right in your living room just like technically worth staying in our you know, it was your imagination. We're going to drop into one city on each of the six continents have a look around and most importantly we will share some surprising economic indicators from each place. So move your season to the upright position still with your carry-on luggage and fasten your seatbelts. It's going to be a ride.

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Private jet. It's our freaking audio. That's right right after the break. I'm going to need extra peanut.

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This message comes from NPR sponsor the Michigan Economic Development Corporation Innovation resilience agility. Its how Michigan businesses continue to make a difference now and work to shape the future join them and make your mark where it matters visit, Michigan business. Org radio.

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Support for this podcast in the following message come from Capital One brought to you by the Capital One Venture Card when you earn unlimited double miles on every purchase your next trip is closer than you think what's in your wallet.

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continent of our trip

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Ethiopia a city way above sea level of up to five million people and we're starting here because Africa has one of the strongest claims to having the best response to the coronavirus pandemic out of any continent is a story that maybe does not get enough attention, but just one example, once you take into account the size of their populations, the United States is 22 times more Kobe cazes each day than here in Ethiopia. How is Africa?

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Turn if you pay for example, there was a door-to-door survey of all of Otis ababab people were asked where they traveled and then they were tested for Kobe that any symptoms or had gone anywhere that might expose them to covid-19 and AT-AT. I'm in the rest of the world has been embroiled in trade Wars the countries of Africa have collaborated to make it easier for their governments to trade the necessary equipment things like Mast and testing kits with each other cell covid has had an understandably damaging effect on African economies last year Africa had four of the five fastest growing economies in the world, including Ethiopia. This year does economies are struggling with slower growth some of the struggles with high inflation and other obstacles.

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Okay. Well we are near the South Pole station its -70 degrees Fahrenheit. So we are not going to stay long. We should just mentioned that Antarctica is still the only kind of course. There are only a few thousand scientists researchers here and most are just conducting experiments about things like little warming the ozone layer meteorites and also tourism to Antarctica which you can do on cruise ships from South America has become more popular in recent years more than 50,000 people visited the continent on these ships the last couple of years enough that there are concerns about accidents and environmental effects of all these tourists that you and I are not cold weather people to let's get out of here next up Asia.

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W just landed in the gloriously sprawling Beijing China population 20 million and that sound you hear is a nearby cement truck would make sense because we recently came across some incredible statistics in China has so many people and it constructs so many buildings that the country uses more cement in 3 years in the United States used in the entire 20th century, which is shocking and it's happened largely because of urbanization because it's a big share of China's 1.4 billion people have moved from rural areas in to big cities over the past few decades.

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And here we are in Berlin the capital of Germany whose economy collapse by even more than the US economy collapsed in response to covid-19.

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Yeah, this trip is making me kind of pecker. So I'm just going to take him abroad Stacy real quick on the way to the airport. That's cool. Sounds good. I'm in next continent Oceania people. By the way, they say the technically Oceania is a continental region that includes the continent of Australia and then adds on New Zealand in the Pacific Islands in terms of categorizing things. We don't want to get in a fight with a geographers with a geologist or whoever so we're just telling you where we are and moving on. We are in Sydney the biggest city in Australia and we are on a beach pouring one out for the end of a truly spectacular economic achievements until the covert and emic Australia had not experienced a recession since September of 1991. The last month Australia was in a recession was the same month. Did Nirvana release Smells Like Teen Spirit as the lead single on it album. Nevermind. The streak is over now sadly the pandemic

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Has ended it in express how I feel, I was able to pull off this incredible streak Economist. Put it down to two things first the government aggressive economic stimulus whenever a recession looks like it was about to start a few lucky breaks through the decades.

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two more flights to go next continent South America

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and here we are now in the famous Punta Del Este Beachside Resort in the country Uruguay is a total outlier with in Latin America. It is managed to keep Kobe cases way down in a region that has been devastated by periods of surgeon Kobe cases and a big reason for success. Is it a developed its own Cobra test produced inside the country is there has been able to test a much higher number of people who might be at risk of getting covid-19 people in neighboring countries, like Argentina want to move there and your wife wants to grow the country even offers a deal where you can become a resident of Uruguay. If you buy property inside the country that is worth a certain amount used to be 1.7 million dollars, but they never mind just lower the price to $380,000 probably still not me and you stayed in that but it's getting cheaper. Maybe NPR can set up the indicator for him. There. I don't know anyways.

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Said that's her trip around the world time to head back home to New York City.

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And here we are. We miss this place. We miss everyone sounding like that guy in the movie Midnight Cowboy. Thank you all so much for flying with us. And if you have a suggestion for where we should go on our next trip around the world is best if it's a place with some funky economic indicators send it to indicator and npr.org the captains and crew of this flavor producers do know a Huxtable in Darien Woods, fact-checker Sean. Saldania, and editor Patty Hearst indicator is a production of NPR. So we are sending them the bill

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