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What is the impact of Covid 19 on the world economy?
World economic policy has been hit by the recession many times. But the coronavirus or (COBVID 19) that is currently being blamed most for such a volatile state in the world economy is what we learned in today's protest (COVID 19) what effect it had on the world economy and the Indian economy.
Before we know the economic evil of covid 19, we will know what financial evil is
Financial Evil:
As a result of the recession, people are deprived of employment. Financial investment is stopped.
And at the same time, the merchant went bankrupt as a result of the loss of the merchant. As a result of the recession, the east side takes the shape of a circle.
As a result of the recession, people's money decreases. As a result, the prices of the products entering the market continue to rise and fall. In most cases, this financial chain goes beyond human control. There are many reasons behind the recession. As a manufacturing company, they borrow more than they produce. Or when traders in the trading trenches take too much risk
However, the beginning of the recession is when a large financial sector suddenly collapses. That's when the recession began. Usually the beginning of alcohol. Usually, one recession bears no resemblance to another recession. For example, in 2001, new technology suddenly emerged. And the 2007 US housing crisis. And despite the Great Depression of 2000, the economy continued to grow at its own pace. Usually,
the economy is dynamic so the economy loses by fighting the epidemic. But the present epidemic or evil is completely different. But no sector alone is responsible for COVID 19. We know for sure that this evil is not very easy to cut. COVID 19 Spreads During the Chinese New Year holiday, COVID 19 has had an immediate effect on some of China's neighboring countries.
Work for home:
As a result of COVID 19, all the people became homeless. And schools, colleges, offices, courts, everything is declared as closed. Also, popular sports shots are off. The big shift, the conferences were postponed. Bookings for various events were closed. As a result, the world has lost more than 1 billion.
An average of 3.50 million people in the United States is applying for unemployment benefits. And on average, commercial aircraft have dealt with the financial crisis from the front. Flights are suspended on trips to more than 100 countries almost every day.
The world's biggest business tips were discarded. And at the same time, the number of travel aircraft has come down to (0) quota. According to aircraft tracking website FLINGHTRADAR 24, in other years where 1.50 lakh aircraft were operated per day, in 2020 an average of 5,000 aircraft will be flying in the sky every day. The most frequent of these were commercial aircraft. Or emergency service aircraft
Luxury cars, luxury movies, furniture, luxury clothing are among the worst hit by the recession. When people have surplus money. Then the demand for them increases. On the other hand, due to the recession, some businesses are doing better than usual.
These are daily necessities/services, health, technology, education.
But apart from these, many other businesses fell to the ground as a result of COVID 19.
Examples include the restaurant business, the global textile industry, the transportation system, the worst affected.
The most profitable business as a result of COVID 19:
As we have seen in COVID 19, on the one hand, various businessmen went bankrupt due to their financial losses, on the other hand, people lost their jobs. On the other hand, the medical system benefited the most as a result. At the instigation of COVID 19, people were meeting their needs from home.
The stock market of Zoom, the most popular APP for global video conferencing, has made a new history overnight.
In addition, shares of Amazon, the world's most popular online shopping website, have made a new history overnight
Friends, we have learned in today's report that if you want to know the next lessons of the effect of COVID 19 in the world, please visit our website.
Thanks for staying with us for so long
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