Global growth projections are likely to decline further as the impact of the corona virus prevails

New delhi date. 28 February 2020, Friday

The deadly coronary virus in China has entered the stage of consolidation, with fears of a global economy slowing down in a global panic that has spread to more than five countries in the world.

Following the outcry of the Corona virus, widespread fear of economic implications in countries around the world has swept global markets and led to a sell out. Until last week, global financial markets were convinced that the corona would not have a strong impact on corporate profits and economic growth. That's why S&P 5 showed its highest peak last week. However, in the counting sessions, S&P has fallen by about 5% from its peak and bond yields have begun to decline. Which suggests that markets are seeing a slowdown in the global economy.

In this case, the USFED cut the reserve rate, citing data, adding that the International Monetary Fund's calendar year had a global growth rate of 8.5%. However, this will now see a significant reduction. Global GDP growth rate stood at 8.5% in the 1st.

At a recent G-2 meeting, finance ministers and central governors said their respective economies were seeing a slowdown. According to the IMF, economic growth due to corona in China will be as low as 5.5 percent against the previous estimate of 5.5 percent, and therefore the global GDP growth rate will also be 8.5 percent against 8.5 percent.

However, this estimate is a fortnight ago. In the coming days, this estimate may go down. The Indian economy is predicted to grow at the rate of 5 to 8 percent during the period of 2-3 years. India's decline in growth rate is likely to have an impact on China. There will be an impact on India, especially in the auto and auto ancillary, parma, metals, agriculture and export sectors.