CoronaVirus and Economic Impact - Part 1

Coronavirus reported to have originated in China's Wuhan outburst the pandemic, has infected people all over the world. Certainly it has major impact on world economy without any recovery plan. In today's post, I will share the impact on global stock markets and job sector.

Stock Markets
Majority of the countries including the giants are already started slashing interest rates. Stock markets partially recovered the initial negative impact of pandemic but still in fear of second wave and not yet found a better recovery plan.

Unemployment
Negative impact on businesses are causing cutting expense that includes employee as well. So, significant number of people already lost their jobs or seen their income decreased due to pandemic. Developed countries are facing immense challenge to narrow the unemployment rate, situations of developing countries, even underdeveloped countries are what, one can easily guess where people are not getting enough government support. But in wherever one is living, it has been proved that 'government-supported job is more secure than private one'.

To be continued...