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Episode details

World Service,29 Jul 2021,26 mins

US economic recovery continues

World Business Report

Available for over a year

US economic growth for the second quarter brought the economy back to pre-pandemic levels. The BBC's Samira Hussain talks us through the latest data, and we get analysis from Dr Steve Hanke, professor of applied economics at Johns Hopkins University. Also in the programme, thirty years after the overthrow of President Siad Barre in Somalia, the country is still struggling to rebuild. We take a closer look at its prospects, and Professor Laura Hammond of the School of Oriental and African Studies explains the country's current situation. Somalia is rapidly building an online economy, and Mohamed Abdala Mohamud talks us through the Faras Online Market. And Abdalah Abdullahi Mohamud of Somalia's largest telecoms provider Hormuud, which is behind the popular money transfer app EVC+, explains how Somalia has become a near-cashless society. Plus, the BBC's Russell Padmore reports on how the pandemic has impacted the finances of Europe's football clubs. (Picture: A worker on a vehicle production line. Picture credit: Getty Images.)

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