The global halt brought about by the coronavirus has sent the world’s economy into a nose-dive as workers and customers are facing a lock down. Apart from the tragic human consequences of the coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020. The pandemic began as a crisis in China and now spans the world, sending chills through stock markets. So far, it is too early to confidently envisage the course of the economic downturn being faced due to COVID-19. But a recession is certain. Starting from China, the virus has affected every continent of the world except Antarctica and has devastated the global stock markets. Stocks hammered on fears of global meltdown According to the reports of Baaghi TV, United States (US) stock market has entered bearish territory in 2020 as investors fear the economic fallout of the COVID-19 outbreak. The Dow Jones and the S&P 500 have been flustered in the spell of just over a month. Twenty six percent (26%) decline has been recorded within the last one month. According to experts, this year could exceed the Great Recession of 2008 in the US. Not only the US … Continue reading Coronavirus and Politics: Did Chinese deceive the world?