The National Economy & Global Impact of COVID-19

The National Economy and Global Impact of COVID-19

Whenever any of the calamity befalls on the country it shakes its entire economy and survival. The impacts could have been severe which are followed by the rehabilitation and reconstruction and eventually returning to normalcy. The problem with the COVID-19 is that its disruptions are more prolonged and widespread, so as its economic losses to the global GDP. The forecasted global GDP growth for 2020 after the pandemic is 2.4% which is 0.5% less than the growth in 2019 i.e., 2.9%. This loss to the global GDP in turn affects…