COVID-19 (The world situation and Pakistan)
COVID-19 Introduction: The virus which became epidemic( وبا ) in Wuhan city of china and soon it became pandemic( عالمی وباء ) and it affects the people across the globe it has different implications which are as follow. Economic Implications: 1- The world economy has not seen such severe( شدید ) shock in the recent decades or even in the whole century not even during the G lobal Financial Crunch of 1967 or during great depression of 1930s , 2008 nor in World War-I and World War-II . 2- The World GDP never experience such severe decline like in the year 2020 . US economy growth decline from 2.8% to -4.7% which was more than seven digits · GDP growth rate of EU (European Union) was plunged into negative and decline by more than 5 digits . · India’s GDP ...