Economic impacts of coronavirus

The fight against the newly born virus COVID-19 is not less than a war. It is continuing to spread plenty of losses to human life and people are suffering a lot because of it. Not only this, but it also has disruptive effects on the country’s economy and has left a question mark for many of the superpowers. It has affected the import and export from different countries. It has been difficult for the US to supply goods and fill the orders. It has lowered the demanding products and has reduced the labor force.

Economic impacts of coronavirus

According to the director of the International Monitory Fund (IMF), the outbreak of Coronavirus is the most depressing uncertainty for the economy and has given the major risks. The manufacturing sector in China has been hit the bull’s eye by a coronavirus. While China’s economy is affected, it has automatically put the risk on countries that are linked with China such as Japan, Pakistan, etc.

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