Financial News- WALL STREET BANKS REPORT || 380 Million Crore Will Be Lost to Global GDP

Official Financial News statement- Corona epidemic may cause a global economic recession.

According to a Bloomberg report, in the recent financial updates, A report, prepared by quoting Wall Street Banks, said that Coronavirus would cost the world economy Rs 380 crore in the next two years.

Key Essentials

⇛Economists of JP Morgan & Company has predicted about 8 percent loss to global GDP by the end of this year.

⇛Morgan also states that despite the aggressive approach of the government, It will take until the third quarter of 2021 for GDP growth in developed countries to reach the Pre-Corona epidemic.

⇛Top financial news update stated, The World market has suffered the most blow since the Second World War.