COVID 19: A blow to the world economy.

India is one of the top 15 countries affected by the coronavirus. The United Nations Conference on Trade and Development reports that India lost 34.80 billion dollars (about Rs 2,500 crore) due to the spread of Coronavirus. 

The United Nations has warned that China's cuts in production due to the coronavirus will affect international trade and reduce trade to 5 billion dollars. 

Corona was most affected the precision instruments, machinery, vehicle and communications equipment. The biggest impact on the economy of the European Union is the loss of 1,560 billion dollars.

The US (580 billion dollars), Japan (520 billion dollars), South Korea (380 billion dollars), Taiwan (260 billion dollars) and Vietnam  (230 billion dollars) were the countries have suffered enormous losses.


Jul 42020
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