Corona Could change the picture of the world economy

CORONA: WORLD ECONOMY

The World Trade Organization has warned that the biggest economic downturn in history could be caused by the spread of the Corona pandemic in almost all the countries of the world. The company said that due to Corona, trade exchanges will decrease by 13 to 23 percent this year.

The collapse of the world's stock or currency markets this year will result in a bigger economic crisis than the 2008 financial crisis, the World Trade Organization said. In order to prevent the epidemic, governments will be forced to allocate huge sums of money as trade and production in the world will decrease drastically and as a result, unemployment will increase at a huge rate in the world.

UN Secretary-General Antonio Gottes also said that coronavirus targeted human civilization. The virus infection poses the biggest challenge since the formation of the United Nations in World War II, he said.

It is evident that billions of people are inundated or quarantined because the world economy is already collapsing. The transport and tourism industry has become obsolete. Trade with trade-dependent countries is closing. Experts fear the Corona virus may last for a long time. As a result, the economic situation will become even more dire.

Because, the human society in the world will be forced to shut down all kinds of communications and rallies that are not important in keeping with the goal of controlling coronavirus. As a result, economic activity will be very limited. Big economic powers and emerging developed states are already daring to tackle the economic crisis created by Corona. So it is easy to see how bad the situation of poor countries will be.

The 1930s were the biggest economic downturn in history. But experts fear the impending economic downturn may worsen.

In addition to maintaining a safe and secure health care system, it can be possible to tackle the most difficult crisis in contemporary history only by discovering Coroner's preventive vaccines or medicines, and by increasing mass production and helping the poor and the poor by the government and the rich. Therefore, a united and comprehensive relief and economic restructuring plan of the nations has become urgent.

Corona can change the equation of the current economic-political relationship in the world and the geography of life and travel and culture!

Comments

Is friendship with Russia the reason for Imran's downfall?

In Parliament, 184 votes were cast in favor of the motion of no-confidence by the MPs representing the parties opposed to the Imran Khan-led government and 110 votes were cast against it. 162 votes were enough to enforce the no-confidence motion . Imran Khan has been claiming that a conspiracy to oust him was hatched by the White House because of his independent foreign policy. According to him, he was the victim of an unwritten agreement between the opposition and the US government. In the eyes of the US government and some of its regional allies, Imran Khan became a disobedient government contrary to their expectations! Washington was outraged when Imran turned down offers to allow US forces to use some of Pakistan's military bases, and visited Russia after the start of the Ukraine war. No other government has dared to adopt the kind of independent policy that Imran has adopted, especially closer to China and Russia. Since taking office...

Most of Babri Mosque Defenders Refuse SWB Propose

Swift denials followed the claim that the UP Sunni Central Wakf Board had withdrawn the claim on the Ayodhya land however a part of intrigue adorned within the air with chairman Zufar Ahmad Farooqui remaining incommunicative. The counsel for the Sunni Central Waqf Board Associate in Nursingd 2 plaintiffs have same a “false rumour” was being unfold that it had two-handed an legal document to an advocate to withdraw its claim on a pair of.77 acres of controversial land in Ayodhya “in the interest of Hindu-Muslim unity”. Some news channels reportable that the board had submitted the letter through advocate Sriram Panchu. The advocate was picked by the Supreme Court as a member of a mediation panel to bring all sides in Ram the Janmabhoomi-Babri place of worship case to the negotiation table. However, the 3 main claimants — the Sunni Central Waqf spikenard, the Nirmohi Akhara and Ram Lala Virajman — had same they'd settle for the decision of the Supreme Court. Syed ...

What doing now Muslim Communities?

Mohammad Ghori Shah #What Iran has done so far against Israel is heroic, on the other hand, the behavior of Saudi Arabia, Qatar, and Turkey is cowardly. The current time is very important and dangerous. If Muslim countries cannot unite at this time, they will be humiliated by Israel and America one after another. On the other hand, if they support Iran simultaneously, the roar of Israel and America will be erased from history forever. Not only that, if the anti-imperialist forces can also unite at this time, the chapter of history is bound to change in the same way. Everything is just a possibility. However, the behavior of Qatar, Saudi Arabia, and Turkey has disappointed ordinary Muslims.

WORLD VISION

Search This Blog