Global Economic Crisis

Overview

In the current situation of a pandemic, the most affected part is the world’s economy. The global shutdown has a  great impact on every business person, everything is under locked, people are unable to go to their workplaces, and employee downsizing rate is increasing rapidly. Everything has changed in this unfortunate year 2020. People are scared of social interaction with others, maintaining social distances, keeping them quarantined, and avoiding meetings.

Global pandemic crises include health crises, employment crises, financial crises, etc. The economy is destroyed completely. People are dying of hunger because they don’t have work to feed their families, affected corona patients with the hope of a cure are unable to treat themselves. After all, they do not have resources to look after them in this financial crisis. Even, this is the time when businesspersons are in the search of normal jobs to earn some money. Traders are unable to do imports and exports in this catastrophic time. This virus has spread in the blink of an eye and killed millions of people.

Most affected country

According to Statista, the global pandemic crises on the scale of -5, china which considers as the most economical country has affected and its factors dropped like domestic services -4.85, traded tourist services -4.64, manufacturing -3.61, and agriculture -3.12, etc.

By considering the current situation, nobody has an idea that how long this pandemic takes to overcome and how much the global economy will be dropped.

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Maziar Rajabi

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