Question

is covid 19 crise worst than the previous crise as 1920 big recession, 1973 and 1979 oil crises, 2003 financisl crise ?

Answer 1

We can't compare this COVID 19 crisis with other previous crisis because 1920 crisis was a crise in which great Depression occurred in Western countries like Europe and USA in 1920s. Depression means lack of income and employment leading to fall in demand for goods and services. So goods and services become short in supply. Unemployment spread all over the world.

Firstly i would like to explain what is actually carona virus are  large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome and Severe Acute Respiratory Syndrome.

Therus outbreak has become one of the biggest threats to the global economy and financial market, Slowdown in manufacturing activity, Services contraction, Decline in share market.

This year is already being defined by the outbreak of the coronavirus which has killed thousands and has infected thousands more, putting the brakes on world's economy.