Question

speech on the topic Impact of covid 19 on the global economy​

Answer 1

COVID-19 pandemic is set to result in the worst recession since the Great Depression in 1920s.

Revisions to the IMF's April forecast now predict global output to fall 4.9% this year.

The strength of the recovery is uncertain.

The COVID-19 pandemic pushed economies into a Great Lockdown, which helped contain the virus and save lives, but also triggered the worst recession since the Great Depression. Over 75 percent of countries are now reopening at the same time as the pandemic is intensifying in many emerging market and developing economies. Several countries have started to recover. However, in the absence of a medical solution, the strength of the recovery is highly uncertain and the impact on sectors and countries uneven.

Explanation:

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Answer 2

Several industries have been adversely impacted due to the spread of COVID-19 globally. News reports are painting a dismal picture of the number of supply chains that are affected.
It is evident that the global economy is grinding to a halt.