The economic damage caused by the COVID-19 pandemic is largely driven by a fall in demand, meaning that there are not consumers to purchase the goods and services available in the global economy.
Economics
The volume of retail sales fell by 18.1 per cent comparing to 5.2% in March. Monthly decline was seen across all sectors, apart from non-store retailing and alcohol stores.
As a child growing up in Vietnam, Truong Manh Quan was acutely aware that his hard-working parents were battling to make do on the equivalent of a few hundred dollars a month.
Though India’s performance when it comes to managing coronavirus has been satisfactory, but on the economic front the government of Prime Minister Narendra Modi has failed to a great extent.
The pandemic and the effects of the lockdown on global industrial production have hit the coffers of the Kingdom of Saudi Arabia.
Despite is one of the least internationally visible countries of the Arabian Peninsula, Oman is an important player both from a geopolitical point of view and in terms of regional balances.
“Janata Curfew is just the beginning of a long battle against COVID-19”- Prime Minister Narendra Modi
Bank of England forecast regarding economy to shrink by 14% this year, which was noted as the biggest fall in 300 years.
In Lebanon, after two months of “truce” due to the lockdown by COVID-19, anti-government protests that began in October 2019 have resumed.
National carrier South African Airways on a verge of shutting down