Article writing on the topic 'economic downfall due to pandemic corona'
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Explanation:
While there is no way to tell exactly what the economic damage from the global COVID-19 novel coronavirus pandemic will be, there is widespread agreement among economists that it will have severe negative impacts on the global economy. The pandemic will lead to permanent shifts in political and economic power in ways that will become apparent only later. There will be a huge downfall in our economic strategy.Early estimates predicated that, should the virus become a global pandemic, most major economies will lose at least 2.4 percent of the value their gross domestic product (GDP) over 2020, leading economists to already reduce their 2020 forecasts of global economic growth down from around 3.0 percent to 2.4 percent.
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