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Showing posts with the label economic recovery

A Draft on Covid19 Effects And Aftermath

First Covid19 case reported in India on 30th January 2020, in Thrissur Kerala. Since then we have seen it multiplying and gone through some of the worst of times in century. Word " lockdown " was never so important, but now it seems so obvious that everyone is talking about. The term " quarantine " was a jargon specifically used for killing virus in our computers and see how meaningful it is now a days.  Work from home  is new normal . This pandemic started from  Wuhan, China  and brought whole world to it's knees. Death toll rose to 724 thousands and effected 19.5 million people worldwide , and counting continues till we have a clinically tested vaccine available.   Now let's have a look on world economic disruption due to Novel Corona virus.  IMF  says the global economy will shrink by 3% this year which certainly points to upcoming global recession . Unemployment in major economies have risen on average of 4-5%, France and Italy tops the list with...