Corona crisis is estimated to cost the global economy 5 5 trillion and will take the economy back on track by 2022. a global brokerage firm Goldman Sachs serious Warned that Due to the Corona crisis, India’s GDP growth rate is likely to be only 1.6 percent in the 2020-21 financial year. Assocham estimates that at least the Indian economy 200 billion Dollar incentive funds are needed.
If that happened then it would be as if Japan were out of the world economy. According to a report by Wall Street Banks. The world economy is likely to suffer a huge loss of 5 5 trillion in the next two years.
According to a Bloomberg report, this is the biggest economic crisis in the world since the 1930s recession. However, it is speculated that this state of lockdown in the economy is likely to end in the next few days. But economies will take a long time to handle after that.
According to economic experts, there was an economic crisis a decade ago, but it did not take long to handle the situation. This time the situation is much worse. In such a scenario, the policymakers of the economies of all the countries will have to work hard to come up with a plan to get out of the crisis.
This amount is about eight percent of the world’s GDP. According to Morgan Stanley, by the third quarter of 2021, developed countries will be in a position similar to the one before the Corona crisis.
Amid the Corona crisis, India’s economy is facing a major setback. Global brokerage firm Goldman Sachs has issued a stern warning that India’s GDP growth rate is likely to remain at only 1.6 percent in the 2020-21 financial year due to Corona’s outburst and lockdown. If such a situation occurs, India will be pushed back many decades in terms of economic progress. The brokerage firm has forecast a good recovery in the second half of this financial year.
The 21-day lockdown from March 25 to April 14 is estimated to cost છે 168 billion a day at an estimated 8 billion. If the lockdown lasts 30 days, the damage is estimated at 24 240 billion. However, the effort to save precious human lives from the lockdown goes beyond the loss of billions of dollars.