Question

what has happened with the economic indicators due to the corona virus

Answer 1

due to corona virus pandemic in more than 100 countries hits economy of whole world very hard and leads to great recession which is worse than 2007 recession. if we study different indicators of economy, we came to know that growth of the global economy is 2.4% in current year which was initially predicted by 2.7%.

manufacturing activity in china s lowest in all time and which also affect other countries as China is the biggest exporter in the world. also, almost all the giant companies of the world has their headquarters in china and setup manufacturing units in china mainland so it make difficult to all the companies to operate. that's why Asia pacific region and Europe companies also affected. due to the spreading of the virus to Europe especially Italy, Germany and Spain it also affects their manufacturing activity.

consumer reduced spending and due to imposed in lockdown and banned on flights leads to a contraction in the aviation industry as well as in the retail industry. even the aviation industry is at the verge of bankruptcy at the end of lockdown. loose of jobs throughout the world.

China is the biggest importer of crude oil and due to coronavirus pandemic there is a low demand for oil or crude oil which cause decrease in oil price in all time. not only oil, gold and silver has also reported decrease in price in years.

this pandemic also directly hits the stock market. all-time lowest stock crash hits the world economy. this leads the global economy in a great recession of all time.