Post
Topic
Board Economics
Re: Is corona virus crisis changing economical equations around the world?
by
cosmofly
on 23/11/2020, 20:09:46 UTC
Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?
Certainly yes and will greatly affect the overall economy. In the best example in America, the corona virus really wreaked havoc on their economy and had over 20 million people unemployed at worst. In other hands, the US government has to spend $ 2000 billion to bail out large US businesses and banks, the upcoming is to print another $ 500 billion to continue to fight the economic downturn in the coming years. .
Therefore, we should together fight against Covid-19 by taking safe and hygienic steps to avoid further infection. Our actions will have a very positive effect on the world economy as a whole.