Question

Discuss into details the serious financial challenges posed by COVID-19 pandemic on countries across the globe?

Answer 1

Serious financial challenges which are been posed by coronavirus across the globe are as follows-

A. It has led to a global shrinkage in demand and it has also lead to global shrinkage in supply due to shutdown of economics

B. It has lead to wide and massive unemployment across the globe due to shutting down of the business across different nations

C. It has also lead to easing of monetary policy in response to stimulate the demand in the global economy by various Central banks

D.it has also lead to fiscal stimulus by Central Government across the globe and it has also lead to various health related schemes which are acting as a support

E. It has also lead to estimation and probability of an impending recession all across the globe and crashing of the share Markets and return of the volatility among uncertainty in the stock markets

this has negatively impacted the growth prospect of different economies across the globe and situation is likely to get worse.