Question

how the Coronavirus pandemic is affecting both the US and world economies. Who are the winners and losers?( minimum 200 AND MAX 300)

Note please avoid Plagiarism

Answer 1

The current pandemic is most dangerous pandemic for US and rest of the world's economy.

Let us understand why-

The covi-19 is a virus which is the most spreadable virus in the world.This virus has compelled us to remain away from every other person on the planet.This has spread to every country of the world.

The impact of this is, the countries become compelled to enforce lockdown, postponing/Cancelling crowded events and enforcing some harsh measure.These measures to stop the spread of covid has costed the economies of almost every country.Due to these government safety and corporates own decisions a vunerable situation of economies comes into the existence.

The current pandemic has resulted into losing millions of jobs around the world.Due to above measures every businesses demand cutailed and the human being's first priority become the health and food.This thinking of human being forced every company to reduce its production and reduce its workforce to a acceptable level.

Since the world was lock during march to may period which has led to various negative effects on the economy.The company's which were struggling to survive has lost its way and are on the verge of closure.When total of any country's companies are closed for 3 months,every one can guess the result of this situation.

The lockdown changed the mindnframe of every individual like gold prices reached to a record high level.This was due to uncertainity of current pandemic.The individual started to realise that companies may not be able to pull back those demands and production of product and services for a long period of time,hence they started to invest toward safe heavens like gold.

All the payments of loans were stopped by the morataruim of a specified period.This has led to slow the growth of banking sector.Housing industry of many countries were struggling to grow from a long time.This industry is the most important for the growth of most of  sectors in the country.After the current pandemic people started to save the money for a disater of period.

The US economy is reduced by a annualises rate of arournd 32%.Most of the economies in the world have been reduced by an average of 7-9 % but in exceptional countries like US,India,England has been collapses by more than 30%.

The biggest loser in current pandemic was hotels,aviation,sports and tour and travell industry.This was due to nature of virus of being spreadable.

The biggest gainers in current pandemic was the online platforms like netflix,hotstar and pharmaceuticals companies and surgical industries.Even the person who were trading in food industry got the benefit of current pandemic.

Thats it for this topic.

Thanks