![]() ![]() The Conference Board’s Consumer Confidence Index is expected to fall to 115 in March from 130.7 in February. economy and consumers have been hit hard by the virus outbreak as loss in job and shutdowns dampened confidence. Louis district project believe that the coronavirus-led economic downturn could lead to employment reduction of 47 million, increasing unemployment rate to 32.1%. However, the global economy may rebound in 2021 if the spread of the virus is contained and companies can address the liquidity and solvency issues.Īdditionally, economists at the Federal Reserve’s St. Kristalina Georgieva, chief of International Monetary Fund (IMF) last week said that“we have entered a recession" and that might be worse than 2009. The pandemic has taken a huge toll on the global economy. There is also a huge shortage of personal protective equipment and respirator ventilators, globally. ![]() No drug or vaccination has been found yet. In the United States, major cities are under lockdown and with the steep rise in COVID-19 cases people have been asked to stay indoors and maintain social distancing. So far, the deadly virus has infected nearly 799,724 people worldwide, and caused 38,721 deaths. Nearly three months have passed since the coronavirus outbreak originated in Wuhan. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |