Coronavirus’ impact on global economy: Are US & China out of the woods?


Source: kalkinemedia.com kalkinemedia.com

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The Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spread of the virus. As the pandemic’s toll on the mankind rises, the economic destruction can be seen clearly. The damage signifies the biggest financial jolt the world has gone through in years. The standard forecast done by June 2020 Global Economic Prospects foresees a 5.2% reduction in overall global GDP in 2020. In the long run, the deep depressions sparked by the series of...