CORONA VIRUS IMPACT ON THE GLOBAL ECONOMY IN 2020

                         

1- WORLD CONCERNS BY THE END OF 2019:

By the end of 2019, fears around the world were that the global economy would experience a recession in the new year 2020, and on the basis of these expectations, governments began to arrange their conditions and adjust their nature in line with the expected possibilities.

However, no one imagined him to become 2020 years of concern and controversy on the level of the entire world’s economies due to a virus that is seen only by very great microscopes, yet he was able to stop the movement of people, and here is the scene that brings us back to what resembles the first primitive times, Where the countries are isolated islands, and the lines and fortunes of globalization have retreated, and had it not been for the revolution of technology and communications, humanity may have reverted to the Stone Ages, and even this will not be strengthened on it, and you will not know a way to it.

2- REPORT OF THE ORGANIZATION FOR ECONOMIC COOPERTION AND DEVELOPEMENT:

In a report reported by the Organization for Economic Cooperation and Development in a statement from its headquarters in the French capital, Paris, that the global gross domestic product will grow by 1.5% if the Corona virus spreads more widely throughout Asia, Europe and North America, and this percentage is in fact, about Half of the 2.9% growth rate the group had expected for 2020, before the outbreak of the virus, could push Japan and Europe into an economic recession.

What the international organization expected already happened, and here is the dreaded virus that strikes all the countries of Asia so that the air traffic is almost completely paralyzed, especially in light of most countries in the world closing their air, land and sea borders to others, in an attempt to avoid the transfer of more enemy to it or from it.

3- CORONA VIRUS ITS IMPACT ON CHINA:

The economy of 2020 will not be negative and unfortunately for China only, as the scene will extend to all of Asia as well, which was confirmed by the Asian Development Bank, which indicated that the Corona virus will reduce economic growth in developing Asia and around the world, especially as it will lead to declines Sharp domestic demand, tourism, business and trade trips, and production links as well as disrupting supplies, which will hurt growth in Asia.

The economy of 2020 will not be negative and unfortunately for China only, as the scene will extend to all of Asia as well, which was confirmed by the Asian Development Bank, which indicated that the Corona virus will reduce economic growth in developing Asia and around the world, especially as it will lead to declines Sharp domestic demand, tourism, business and trade trips, and production links as well as disrupting supplies, which will hurt growth in Asia.

4- ITS EFFECT ON AMERICA: 

On the other side of the Atlantic, America’s chances of survival do not look good. Rather, observers fear that the global economic abyss will start from America to infect the entire world with an injury that reminds everyone of the Great Depression in the early 1930s.

America appears to be facing the largest contemporary financial crisis. This is the reality that is unavoidable to face, especially after the stock market crash on Wall Street, which is the worst since the Black Monday that happened in 1987, prompting the US Federal Reserve to pump $ 1.5 trillion to support strained financial markets. , Which is its biggest measure since the financial crisis created by the 2008 mortgage issue.