The Corona virus has devastated the global economy. It is not possible to say how long the crisis will last. Experts
The Corona virus has devastated the global economy. It is not possible to say how long the crisis will last. Experts If the lockdown continues, businesses will collapse and the world will face historic unemployment. Reports NEW YORK (International Press Agency. May 12, 2020) As countries around the world try to revive their economies, the easing of lockdowns is beginning to be seen everywhere. F) estimates that the next global economy will shrink by 3%, which is in stark contrast to its previous prediction that the world economy will grow by 3%. The world is preparing for the biggest global crisis since the Great Depression of the 1930s, but how long will this crisis last and how will it be overcome? Many countries define recession in two consecutive quarters. Decrease in national production (GDP). According to the National Bureau of Economic Research in the United States, the recession was a sharp decline in economic activity that lasted for several months and was reflected i...