As president of the student council of your school, write a speech in 150- 200 words on “
The impact of Covid-19 on the global economy “ to be delivered in the morning assembly.
You are Arun/ Aruna.
Answers
Explanation:
The economic crisis unleashed by the outbreak of COVID-19 is hurting economies, regardless of income level. The most recent data from UNIDO’s seasonally adjusted Index of Industrial Production (April 2020 vs December 2019) indicate that both lower- and upper middle-income countries have been significantly impacted by COVID-19 (Table 1).
Table 1. Average loss in % in the Index of Industrial Production (IIP) across countries. April 2020 vs December 2019
Recent data from the Centre for Systems Science and Engineering at Johns Hopkins University show that the spread of the pandemic in terms of case numbers and deaths is quite asymmetric across countries. Sub-Saharan Africa, for example, one of the poorest regions in the world, does not seem to have been severely impacted by COVID-19.