A loss of trillion of dollars of global income due to the deadly virus COVID: 19, the world will go into recession except for India and China, according to the latest UN report.
The new analysis from the United Nations Conference on Trade and Development, the UN trade and development body titled ‘The COVID – 19 shock to developing countries in which two-third of the population will leave behind. And trade of commodities export countries will face a USD 2 trillion to USD 3 trillion drops in investment in the next two years.
Because of lockdown all over the world, there is no such movement of money, and this is leading the world economy into recession with a massive loss in income in trillion dollars this year. It will mostly affect developing countries. UNCTAD said there would be a financial tsunami this year because of COVID – 19 and except India and China, and the report did not give detailed information. Few strategies will be applied to curb these losses.
This problem of recession is because of coronavirus, which made the whole world in lockdown says the sources.
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