The ongoing coronavirus pandemic has disrupted global economic growth. Around the world, all countries are facing problems due to lockdown. In the global economy, the U.S. economy plays a significant role, and currently, it is sinking.
On World Health Day, let us take a view on it to post the COVID-19 crisis.
In the last couple of weeks, U.S. growth financial product output has reduced around 35 percent. The manufacturing sector shrank to its lowest since 2009.
All the sectors are facing the heat of coronavirus pandemic, whether its aviation, tourism, hospitality, service, manufacturing, finance, etc. Consumer confidence is dropping drastically and reached five year low. The Bank of America has forecasted the deepest recession after 1930. The fundamentals of economics are indicating it. The U.S. economy will not jump as it crashed.
Things to Know:
Its World Health Day today, but the health of the complete globe is not good.
Today on world health day, we all should pledge to follow lockdown rules and fight the coronavirus.