Question

impact of COVID 19 on the world economy ​

Answer 1

Answer:

The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn with fiscal and monetary policy support. Over the longer horizon, the deep recessions triggered by the pandemic are expected to leave lasting scars through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply linkages.

For emerging market and developing countries, many of which face daunting vulnerabilities, it is critical to strengthen public health systems, address the challenges posed by informality, and implement reforms that will support strong and sustainable growth once the health crisis abates.

Answer 2

$\bf{ Impact\:Of\:COVID-19\:on\: economy}$

thє єcσnσmíc ímpαct σf thє 2020 cσrσnαvíruѕ pαndєmíc ín índíα hαѕ вєєn lαrgєlч díѕruptívє. índíα'ѕ grσwth ín thє fσurth quαrtєr σf thє fíѕcαl чєαr 2020 wєnt dσwn tσ 3.1% αccσrdíng tσ thє míníѕtrч σf ѕtαtíѕtícѕ. thє chíєf єcσnσmíc αdvíѕєr tσ thє gσvєrnmєnt σf índíα ѕαíd thαt thíѕ drσp íѕ mαínlч duє tσ thє cσrσnαvíruѕ pαndєmíc єffєct σn thє índíαn єcσnσmч. nσtαвlч índíα hαd αlѕσ вєєn wítnєѕѕíng α prє-pαndєmíc ѕlσwdσwn, αnd αccσrdíng tσ thє wσrld вαnk, thє currєnt pαndєmíc hαѕ "mαgnífíєd prє-єхíѕtíng ríѕkѕ tσ índíα'ѕ єcσnσmíc σutlσσk".