Business News in english today headline || Global economy at lowest state.

Business News in English today headline. The global economic condition due to the COVID epidemic at its lowest level.

Business News in English today headline. After the second world war, the world economy has come down to the lowest level

In a discussion on the global economy on Monday. The World Bank said, that due to the outbreak of the epidemic, the global economy will see the deepest market conditions. After the Second World War. According to Business News in English today headline, this year, a 5.2 percent decline in the global economy is possible.

In the Global Economic Prospect released from Monday. David Malpass said that this will be the first time after 1870 when a virus epidemic will lead the world economy at its lowest level. David Malpass is the President of the World Bank.

David Malpass-PresidentWorld Bank.

Taking a closer look at today's Indian Economy news. The World Bank has estimated that a 3.2 percent decline in the Indian economy will be seen in the current financial year.

As per current financial news in India, India's growth rate was 7 percent in 2017. While it fell to 6.1 percent in 2018. The growth rate has been estimated at 4.2 percent in the year 2019-2020. The World Bank said that the impact of the epidemic in India will be seen more in the current financial year.

The biggest impact will be seen in Pakistan and Afghanistan.

The impact of the decline of the Indian Economy will be seen in the Economy of South Asia, it will fall by 2.7%. The biggest impact will be seen in Pakistan and Afghanistan, which are close to India. Where the decline in the economy has been estimated at 2.6% and 5.5%. The growth rate of Nepal is also going to decline by 1.8 percent.

Taking a closer look at the economy and international business news, The impact of the COVID epidemic will also be seen in the developed facilities. Where a total fall of 7% in the Economy will be seen. 2.5% decline will be seen in emerging markets and developing economies

The global bank has estimated that the income of people will also see a decline of 3.6 percent. Millions of people can go under poverty. The worst impact of the epidemic will be on the economies that depend more on,  Commodities, exports, external financing, tourists. Where poverty estimation has been much higher here.

The world has suffered economic crises a total of 14 times. 

After the impact of the economic crises of the year 1870. The world has suffered economic crises a total of 14 times. The effect of the epidemic will also be seen on the global capita GDP. Which is estimated to decline by a total of 6.2 percent as mentioned in the latest economic news. This decline will be even more worst than the tardiness in the year 1945–46. Also, the current slowdown in the world will be double the global financial crisis.

The largest decline in capita GDP can be seen in 2020 after the Economic crises of 1870. In a big way this year, the impact of the slowdown will be seen in 90 parts of the economy. It will be 5% more than the global crises in 1930-32. When 85% of the economy was in the grip of tardiness.

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