Corona virus is more dangerous than terrorist attack, if the world does not get rid of corona virus soon, it will take many years to recover the economy

·      Corona virus can cause world economy to go into recession

 The Economic News:-

Considering the speed of the outbreak of Corona virus, it can be said that the world is witnessing a huge slowdown in the growth rate, due to Corona virus, the world is losing billions of dollars daily and the same is yet to know the treatment of Corona virus. Due to this, the market of most of the countries is seen falling due to this.







Organization for Economic Co-operation and Development

According to the report of the OECD, given the circumstances, it can be said that the world will not be able to get out of the impact of the corona virus soon, the effect of the corona virus on the economy will be prolonged.








Corona virus crisis is more dangerous than terrorist attack 
The OECD said that if the world economy does not get hit by the recession, then the pace of the world economy will decrease or may even be negative. According to Guria, the corona virus crisis is more dangerous than the financial crisis caused by the terrorist attack on September 11, 2008. He said that this crisis could lead to closure of small and medium businesses. At such a time, the government should announce a relief package for workers and business groups. Due to Corona virus, work stopped by the police maker in U.K.

 Has announced to give one-month salary to the employee. Guria said that the corona virus crisis can ruin the economy of debt-ridden countries. He said that the economy of G20 countries will grow in the V shape. The OECD has appealed for free virus testing, the right tool for doctors and nurses, cash transfers for workers, including self-employment and tax exemption benefits during business and holidays to deal with the corona virus crisis. According to the BCC, Angel Guria said that she appeals to governments around the world to ensure spending on tests and treatment of corona virus.







The growth rate may remain slow

Guria has predicted the effects of the corona virus to grow at a rate of 1.5% of global growth. The January report of the World Economic Outlook of the IMF showed the growth rate of the global economy at 2.9 percent in 2019, while the growth rate of the global economy was expected to be 3.4 in the year 2020. However, due to the Corona virus, the pace of the economy may be reduced by more than half in the year 2020.







Corona virus will increase unemployment

Guria said that due to corona virus, jobs could be cut globally. Economic activities will be affected due to coronavirus, which can have long-term effects. He said that the major economies of the world may fall into recession in the coming month. He expressed the fear that the economy may decline in the next two consecutive quarters due to the corona virus.