The Economic Impacts of Coronavirus on the Global Economy Case study India country

Abstract

The so-called ―Covid-19‖ shock will trigger a recession in some countries and a deceleration of global annual growth to below 2.5 per cent -- often taken as the recessionary threshold for the world economy. The on-going spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets. It has become the biggest threat to global economy. The major bad impacts of Corona virus outbreak are slowdown in economic growth, slowdown in manufacturing activity, contraction in services activity, declining oil prices, sell off in stock markets, far fewer flights and rise in unemployment. The so-called "Covid-19" shock will lead to stagnation in some countries and a slowdown in global annual growth to less than 2.5 percent -- often considered the threshold of stagnation for the global economy. The continued spread of the new coronavirus has become one of the greatest threats to the global economy and financial markets. It has become the greatest threat to the world economy. In this modern world, all the world's economies are closely integrated. This is if anything happens in any part of the world will have an average to high impact around the world. The reform, the impact on one of the largest economies such as China will greatly affect all the world's economies. Because most companies that rely on international trade will suffer severe pressures. Global economic production is declining, and the entire economy is expected to stagnate.