impacts of corona virus on world economy
Answers
Answer:
It has very huge impact approximately World is facing the loss of 21 trillion economy.
Answer:
The International Monetary Fund (IMF) has revised its global GDP growth estimate from 3.3% just 3 months ago to a contraction of 3%, something not seen since the Great Depression of the 1930s. ET Wealth studies how India is placed in this scenario.
Explanation:
Annual GDP ($ billion)*: 2,718.73
GDP growth in 2019 (%)*: 4.70
Covid cases/Million^: 8
Covid deaths/Million^: 0.30
Total Mcap ($ BN)**: 1,570.84
Mcap/GDP**: 0.58
Exp GDP Growth (JAN)#: 5.80
Exp GDP Growth (APR)#: 1.90
Benchmark index PE**: 18.78
IMF says India will remain the ‘fastest growing major economy in 2020’. But one must remember that the Covid onslaught is only at an early stage in India.