The Coronavirus May Also Kill The Global Economy In 2020
The economy behaves like a living being, and it started 2020 with a nasty bug. The initial projections for the global growth in 2020 were 2.5 percent, slightly above the post-crisis low recorded in 2019, according to the World Bank.
The coronavirus is affecting especially China, which has one of the most powerful economies in the world.
The global economy behaves somewhat like a living being, and it started 2020 with a nasty bug. According to the World Bank, the initial projections for global growth in 2020 were 2.5 percent, slightly above the post-crisis low recorded in 2019.To make things worse, the coronavirus epidemic is affecting China, one of the most powerful economies in the world.
According to a February 2020 Reuters poll of economists in China, their nation’s annual economic growth in the first quarter of 2020 is expected to decline to 4.5 percent from around 6.0 percent in the previous quarter.
These droppings are due to the outbreak, and it is expected to affect all the countries. Do you probably wonder how this epidemic can harm the economy so dramatically? Well, people aren’t as willing to travel these days and use other services because they are afraid of being exposed to the virus.
However, it is expected an increase in subscriptions to Netflix and other streaming platforms as people watch shows as they stay in their homes.