Half a year has passed since the start of the year 2020, and with it the emergence of COVID-19. This has greatly affected not only individuals from all over the world but a whole nation in general.
The sluggish recovery from the pandemic has taken a great toll on world economy which is projected to shrink by 3.2 per cent by the end of this year. GDP growth is expected to swoop down to -5.0 per cent, while developing country’s output down 0.7 percent.
As long as the pandemic hasn’t ended, we may still continue to see a great decrease in GDP growth and world economy all together.