Coronavirus impact on Economy #Infographic - Visualistan

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Coronavirus impact on Economy
The economical crash from the COVID-19 pandemic is expected. However, the intensity is still yet to determine. However, experts predict that the impact is worst – than any catastrophe before.

In fact, the Global Economic Prospects study by the World Bank reports the global economy to shrink by 5.2% this year – marking the deepest recession since World War II.

According to the World Bank’s VP for Equitable Growth, Finance and Institutions, the impact from the crisis is likely to leave long-lasting scars. It would also contribute to major global challenges that would be hard to reciprocate.

In this regard, he urges the global community to unite and find ways to rebuild the economy in order to prevent the population from going into poverty along with unemployment. He further says that this is the worst economic downturn since 1870 and will impact every corner of the world – with countries relying on tourism, Euro Area, Brazil and those with the highest death counts facing the hardest hit.
The coronavirus, initially detected in December has spread all over the globe – causing 400,000 deaths worldwide. To contain the spread, most parts of the world were forced to follow a strict lockdown bringing the economy to a screeching halt.
Coronavirus impact on Economy


Infographic by: Statista

Share This Infographic On Your Site

Coronavirus impact on Economy #Infographic

Coronavirus impact on Economy
The economical crash from the COVID-19 pandemic is expected. However, the intensity is still yet to determine. However, experts predict that the impact is worst – than any catastrophe before.

In fact, the Global Economic Prospects study by the World Bank reports the global economy to shrink by 5.2% this year – marking the deepest recession since World War II.

According to the World Bank’s VP for Equitable Growth, Finance and Institutions, the impact from the crisis is likely to leave long-lasting scars. It would also contribute to major global challenges that would be hard to reciprocate.

In this regard, he urges the global community to unite and find ways to rebuild the economy in order to prevent the population from going into poverty along with unemployment. He further says that this is the worst economic downturn since 1870 and will impact every corner of the world – with countries relying on tourism, Euro Area, Brazil and those with the highest death counts facing the hardest hit.
The coronavirus, initially detected in December has spread all over the globe – causing 400,000 deaths worldwide. To contain the spread, most parts of the world were forced to follow a strict lockdown bringing the economy to a screeching halt.
Coronavirus impact on Economy


Infographic by: Statista

Share This Infographic On Your Site

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