Corona recession worsens with the crisis of 2008

-

New Delhi, 4 April 2020 Saturday

The International Monetary Fund (IMF) said on Friday that the Corona virus epidemic has created a crisis for the worldwide economy. The IMF said that for the whole world this situation could be worse than the financial situation of 2008. The IMF called this a dark time for humanity.

Developing countries need support

Advance Economy has called for the support of emerging markets, said Crystalik's Jorginova, managing director of the IMF. He said that by doing so, the developing country would be able to get out of this epidemic along with the challenges of its economy.

"This crisis is not the same as the previous one," he said. "We have already seen the crisis of the global economy," he said through a video conference to about 400 reporters. We are now in a time of recession. This situation is worse than the financial crisis of 2008-09.

The World Bank also expressed skepticism about the recession

World Bank President David Malpas, who was also apprehensive of the recession, also said in a LinkedIn post in his LinkedIn post, "We are also seeing a global recession ahead of health problems from the Covid-19 epidemic."

It is worth mentioning that, according to information received by Friday evening, over one million people have been infected with the corona virus all over the world. Globally, over 53,000 people have died so far.

One year of unpaid debt from poor countries

"The IMF, together with the World Bank and the World Health Organization, is considering that some large economies, including China, do not collect debt from small countries for at least a year," Georgiwa said.

He said China's stance on the matter is positive and China will work on special proposals in the coming weeks, adding that there will be an online meeting between the World Bank and the G20 group within the next two weeks.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more