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Tuesday, June 23, 2020

Essay on Impact of Covid-19 (Coronavirus) on Global Economy

Hello my friends in this article we will learn that how to write essay on Impact of Covid-19 / Coronavirus on Global Economy In English.

Essay on Impact of Covid-19 / Coronavirus on Global Economy

The outbreak of the pandemic Covid-19 or Coronavirus has disrupted political, social, economic, religious, and financial structures around the world. India, America, China, Britain, Germany, France, Italy, Japan and many other countries are on the verge of fall of the world's largest economies.

Essay on Impact of Covid-19  Or Coronavirus on Global Economy, Essay on Impact of Covid-19  on Global Economy, Essay on Impact of Coronavirus on Global Economy,
Picture of Cornavirus (Covid-19)
Coronavirus is causing the most damage to the global economy. The world is facing the most difficult economic situation after 2nd World War. Most nations are going through a slowdown of their economic structure which indicates difficult conditions for them in this regard. About 80 countries have already requested the International Monetary Fund (IMF) for financial assistance. 

The pace of the outbreak of the coronavirus pandemic is increasing and is causing more economic loss to the country. Many countries around the world resorted to lockdown to prevent the spread of coronavirus. Lockdowns in the country mean limiting millions of citizens to their homes, shutting down businesses and almost all economic activity. The most affected are tourism and travel related transport, hotels, restaurants, sports, electronics, financial markets, supermarkets and health systems. 

A global economy of less than 2% is envisaged for 2020 this year, which would probably cost $ 1 trillion, which is not good for the country's progress. 

Due to the severe and worsening conditions around the world, all countries need to cooperate among themselves, in which all countries need to unite and fight against this virus effectively to end the coronavirus epidemic. This is not the time to fight or blame each other nationally from a political point of view. Rather, in order to save the global economic and financial structure, it is time for all countries to cooperate and help each other to defeat this deadly epidemic. All countries believe that after some time all the countries together will find a solution to end this coronavirus epidemic. So that the country can start on the path of progress again.

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