what is the economic crisic of pandemic on world trade
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Answer:
Considering today's situation the answer to your question is:
After the global recession, economic growth will be very likely to fall in the next few years. Due to the increasing scale of human infection with SARS-Cov-2 Coronavirus causing COVID-19 disease, the risk of subsequent infections is increasing rapidly and the scale of the epidemic is difficult to estimate. At the moment, until the Coronavirus vaccine and epidemic scale are created, and now the pandemic will increase, the Coronavirus has become the potential major source of the global economic crisis. In countries where the development of the epidemic will have greater negative economic effects, production will fall sharply, offering services such as tourism, catering, hotel services, etc., income, investments, unemployment will increase, tax revenues to the state budget will decrease, and economic growth will decline in 2020 a year can even reach several points percent. In this type of economies, economic recession is very likely, i.e. a decline in economic growth to a negative level, below zero of GDP. The current stock market crash consisting in a strong overestimation of valuations of shares, other securities, gold, oil and other commodities confirms the highly probable negative scenario about the possibility of recession and serious problems in financial systems in a significant part of countries in 2020.
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