There are some changes that men and economists expect to see in the coming months or years may seem very unfamiliar or disturbing because of the Corona economy, after the spread of the virus left companies all over the world mired in calculating its economic cost.
The economy of corona: the effect of the emerging corona virus
The coronavirus is shaking the power of the economy and companies, fighting both the public and private sectors to slow down the economic effects of the spread of infection (COVID-19 - Covid-19), as the Corona economy is changing global market movement and consumer behavior on a large scale.
For many people today, the economic scale of the coronavirus crisis refers to the events of September 11 or the 2008 financial crisis, and other corpses that have reshaped society, from how they travel, travel and buy homes, to the usual level of security and surveillance.
In the context of interacting with corona's economy data, US President Donald Trump has approved the largest financial and economic aid package in US history, worth $ 2 trillion, to address the economic consequences of the emerging Corona virus.
Here is a collection of maps and graphs to help you understand Corona's economy so far and the possible scenarios for post-crisis Covid 19.
Chinese business growth rate fell
The starting point of this analysis is what is happening in China .. In the recent past, (Chinese economic shocks) spread across global financial markets, including the sudden devaluation of the Chinese yuan in 2015. The coronavirus corona repeats the same pattern, and on a larger scale , As stock prices fell all over the world, and severe blows were struck against wealth and levels of business confidence, as car sales fell 80%, passenger traffic decreased 85% from normal levels, and business surveys reached record levels. In other words, the economy has stopped.
China factory slowdown
China accounts for a third of manufacturing worldwide, and is the world's largest exporter of goods. When the coronavirus first appeared in China, industrial production, sales and investment decreased by 13.5% in the first two months of the year, compared to the same period in 2019.
China's manufacturing movement slowed due to corona
Corona also influenced and restricted supply chains for major heavy equipment and automobile manufacturers. While companies and exhibitions selling cars reported a decrease in demand. Chinese car sales fell 86% in February. More automakers, such as Tesla and Geely, are now selling cars online, as customers move away from direct sales shows.
China's auto market slumped due to corona
Global stock markets have been hit very hard, after FTSE, Dow Jones Industrial Average and Nikkei fell dramatically since the outbreak began on December 31. The Dow and FTSE have recently seen their biggest one-day drop since 1987.
Global stock markets have been affected by the Corona virus
Even “safer” investments have been affected by the Corona crisis .. Gold is traditionally considered a “safe haven” for investment in times of crisis and economic uncertainty, as investors often choose less risky investments, but even gold lost its luster after its price fell shortly in March, where Investors were afraid of the global recession.
Gold sales were affected by Corona
Likewise, the price of oil fell globally to prices that had not occurred since June 2001, as investors fear that the global spread of the Coruna virus will hit the global economy, leading to a decline in oil demand, after the coronary virus pushed it further into the price drop.
The price of oil fell due to corona
During this year 2020, the global economy is expected to grow at its slowest rate since the last global economic crisis in 2008, due to a coronavirus outbreak according to the Organization for Economic Cooperation and Development (OECD) report, after it expected growth of only 2.4% in 2020, down from 2.9% In November. She also said that the outbreak "for a longer and more intense period" could reduce growth to 1.5% in 2020 as factories suspend their activity and workers remain at home to try to contain the virus.
But .. what about the economy after the Corona?
Well, while we will overcome this direct health crisis in one way or another, its effects will last for years, perhaps decades. It is not too early to recognize and begin to address the financial difficulties caused by quarantine and social estrangement. At a time when restaurants, theaters, retail stores and other institutions are closing their doors, either voluntarily or in response to emergency requests, small and emerging companies and temporary workers bear the direct burden of economic repercussions, and a number of countries have started to implement economic stimulus programs to reduce the effects of the economic crisis caused by a virus Sk.
Corona could lead to a halt in the global economy.
While we cannot accurately predict the full economic consequences of this cloud that have befallen the global economy, we already know that the effects of the virus and the drastic measures taken to prevent the aggravation of the crisis are already affecting the movement of the economy, markets and industries worldwide. Economic repercussions could include the recession in the United States, the euro area, and Japan, the slowest growth rate recorded in China, and a total loss of $ 2.7 trillion, equivalent to the UK's gross domestic product.
With so many unknowns surrounding the course of the Corona epidemic, and the government and business responding to the resulting blow by triggering stimulus programs, forecasts cannot adhere to full accuracy.
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