Question

The outbreak and spread of COVID-19 virus has had effects beyond the health issues. Discuss how Covid-19 has or can have an impact on the U.S. or global or any country's economic conditions. Assume that you are thinking to pursue your enterprise venture in 2020, what are the effects of this virus on your plan. Of what economic indicators do you expect to resume your venture.

Answer 1

ANS: The today's condition of this pandemic as the spread of corona virus not only affect the health issues of the people but also disturbed the whole world economic condition also. As the industries , trades, companys all are at the lowest level of economy.

The pandemic is expected to plunge most countries into recession in 2020 .Every region , country is become subject to substantial growth downgrades, East Asia and Pacific will growth by 0 5% and South Asia will contract by 2.7%.

As due to such a pandemic situation as all the economy gets distrubed . So as per my opinion and knowledge that I would not recommend any to startup a new enterprise in 2020 as because even also many company's at peak reaches toady at recession . As per this any new startup will not grow up in current situation. As due to this Covid-19 all the plans of the businessmen gets floped because of the situation as no one could grow in their business as everywhere such as restaurants , Mills, textile industry, Company's , firms , enterprise etc.

As after such pandemic gets over and all set started to be beginning again from the base and it's take a long time to come to its peak position again and after this all sets normal after a time then I would plan to resume my project and continue to hard work and try to grow the business with consumer satisfaction .