THE CORONA IMPACT: VIRUS 2020
The world is presently in the clutches of a Pandemic, known as “Corona Virus”.
This virus has devastated the entire world in every possible way. Recession has hit the Global Market, thereby giving new highs to unemployment. The countries with the most powerful economies has crumbled down. In short, the world is witnessing a phase, never seen before.
Before going into the depths of the economy, let us discuss a few details about the “Deadly Corona Virus.”
· The Deadly Corona Virus (COVID 19) has emerged from the Chinese City of Wuhan.
· It is the Novel form of the virus and is highly contagious in nature.
· It has highly affected the European Nations and has infected around 1.1 lakh people in at least 110 nations.
Apart from infecting people all over the world, this virus has left its catastrophic impact on the Global Market.
The declining figures of the market show, how devastating this virus has proven to be for the global economy.
Widespread lockdown has severely affected the global economy and has hampered trade all over the world. The weakening stock prices has affected the financial market worldwide and is continuing its run to the bottom.
First of all, there is a widespread slowdown in Manufacturing Activity. Statistics show that manufacturing activity has hit new lows of 40.3 in China, which is the main hub of production and manufacturing activities.
Secondly the Service Industry has also been badly hit by the outbreak of this deadly virus, as the Consumption Sector is in grave danger.
Further, the reduction in Global Economic Activities has even reduced the demand for oil, thereby taking the price of oil to new lows.
Widespread lockdown has severely affected the global economy and has hampered trade all over the world. The weakening stock prices has affected the financial market worldwide and is continuing its run to the bottom.
First of all, there is a widespread slowdown in Manufacturing Activity. Statistics show that manufacturing activity has hit new lows of 40.3 in China, which is the main hub of production and manufacturing activities.
Secondly the Service Industry has also been badly hit by the outbreak of this deadly virus, as the Consumption Sector is in grave danger.
Further, the reduction in Global Economic Activities has even reduced the demand for oil, thereby taking the price of oil to new lows.
Also deteriorating oil prices and steepening bond prices, clearly reflect the devastating impact which this deadly virus has had on the Global Financial Market.
Be Safe, stay Healthy and stay alert for further updates from us.
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Be Safe, stay Healthy and stay alert for further updates from us.
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