Surveys Say The Coronavirus Pandemic Is Crippling The Global Economy

By Author: Neelima
Total Articles: 86
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Several nations from around the world are suffering from the coronavirus paramedic. It has affected millions of people of all ages and the mortality is going up every single day owing to the disease. This flu-like virus has taken the world over and in addition to the widespread suffering of mankind, the global economy is being crippled substantially

According to the Economic News, there is a 4% contraction in the economy and it is estimated that the percentage will only go up. With no visible vaccine for the medical condition and the number of infected people increasing alarmingly, the situation continues to be crucial. Though nations are taking all the necessary precautions to curtain the spread, measures such as lockdowns, etc. are affecting the stock market and the global economy as a whole. The whole world is looking at how coronavirus can impact the economy in the short and long run and the uncertainty factor is something that cannot give us a clear picture of the future.

Source: Launchship Technology