Corona robs the global economy more than $ 5 trillion over two years
Economy News _ Baghdad
International financial estimates revealed the total losses that will be inflicted on the global economy due to the spread of the new Corona virus in the world.
The US "Bloomberg" agency, quoting the estimates of the American "Wall Street Bank", said that the total financial damages that will be inflicted on the global economy will reach about 5 trillion dollars in two years.
According to the agency, "The Coruna virus epidemic will rob the global economy of more than $ 5 trillion over the next two years," noting that the world will drown in the deepest recession since the thirties of the twentieth century because of the reality of this virus.
At the same time, experts predict that the recession will be short-lived, but the global economy needs time to return to pre-crisis indicators.
"Even with unprecedented levels of monetary and financial incentives, GDP is unlikely to return to the pre-crisis trend until at least 2022," the agency adds.
"Bloomberg" concluded that politicians have a serious task in stimulating the recovery of economic growth, warning that countries should avoid opening cities and institutions very quickly that will allow the virus to return.
The epidemic forced many countries of the world, led by large countries with their capabilities and population, to take exceptional measures, ranging from a flight ban to declaring curfews and isolating entire regions, and even closing places of worship, to prevent the spread of deadly infections.