ప్రపంచం మరో ఆర్థిక మాంద్యాన్ని చూడనుందా? || Is World Heading For Recession? ||
How deep has the impact of COVID-19 been on businesses around the world? And which are the ones that have been hit the hardest?
The story so far: The global death toll due to COVID-19 has crossed the 5,300 mark, with over 1.42 lakh people infected. India, where 88 people have been infected, saw two casualties when a 76-year old man died in Karnataka and a 68-year-old woman died in Delhi this week. A diverse set of industries has been impacted by the spread of the virus. With daily news reports painting a dismal picture of supply chains affected, it is easy to visualise the global economy virtually grinding to a halt.
What does it mean to the global economy?
Analysts fear that the global economy may tip into a recession unless the virus turns out to be seasonal. (A recession sets in when the economy shows two consecutive quarters of contraction.)
The problem with current predictions is no one knows how long the virus will remain potent, how authorities around the world are able to stanch new cases and the resources they pull out to treat old ones. What business hates is uncertainty and uncertainty is the only thing that abounds when it comes to predictions about the vitality, endurance and longevity of the new virus.
https://www.thehindu.com/business/Economy/is-the-global-economy-headed-for-recession/article31070618.ece
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ప్రపంచం మరో ఆర్థిక మాంద్యాన్ని చూడనుందా? || Is World Heading For Recession? || How deep has the impact of COVID-19 been on businesses around the world? And which are the ones that have been hit the hardest? The story so far: The global death toll due to COVID-19 has crossed the 5,300 mark, with over 1.42 lakh people infected. India, where 88 people have been infected, saw two casualties when a 76-year old man died in Karnataka and a 68-year-old woman died in Delhi this week. A diverse set of industries has been impacted by the spread of the virus. With daily news reports painting a dismal picture of supply chains affected, it is easy to visualise the global economy virtually grinding to a halt. What does it mean to the global economy? Analysts fear that the global economy may tip into a recession unless the virus turns out to be seasonal. (A recession sets in when the economy shows two consecutive quarters of contraction.) The problem with current predictions is no one knows how long the virus will remain potent, how authorities around the world are able to stanch new cases and the resources they pull out to treat old ones. What business hates is uncertainty and uncertainty is the only thing that abounds when it comes to predictions about the vitality, endurance and longevity of the new virus. https://www.thehindu.com/business/Economy/is-the-global-economy-headed-for-recession/article31070618.ece