کورونا وائرس: ایشیا صرف اگلے سال ہی ’معاشی سونامی‘ سے باز آئے گا ، موڈیز کا کہنا ہے کہ – دی انڈین ایکسپریس

کورونا وائرس: ایشیا صرف اگلے سال ہی ’معاشی سونامی‘ سے باز آئے گا ، موڈیز کا کہنا ہے کہ – دی انڈین ایکسپریس

کورونا وائرس: ایشیا صرف اگلے سال ہی ’معاشی سونامی‘ سے باز آئے گا ، موڈیز کا کہنا ہے کہ – دی انڈین ایکسپریس


Translating…

By:

ENS Economic Bureau

| Mumbai |

Updated: March 25, 2020 8:08:37 am

india lockdown, coronavirus india lockdown, Asia economy coronavirus, coronavirus impact in asia economy,v The virus has caused significant parts of the Asian and now European and US economies to all but shut down. (File Photo)

With global travel still largely shut down and global economy struggling to revive and suffering from lockdowns, the Asian economy will not get into full gear until next year, Moody’s said.

Read| Here’s how coronavirus is likely to impact the global economy

Coronavirus has created a worldwide economic tsunami, it said. “The global economy is engulfed in a serious downturn. The virus has caused significant parts of the Asian and now European and US economies to all but shut down. More financial pain is coming as layoffs mount, businesses curtail investment, and retirement nest eggs evaporate,” Moody’s said. It said central banks have responded aggressively but are running out of room to maneuver as interest rates hit zero lower bound.

Here’s a quick Coronavirus guide from Express Explained to keep you updated: Are smokers at high risk form coronavirus? | Can Vitamin-C prevent or cure coronavirus infection? | What exactly is community spread of coronavirus? | How long can the Covid-19 virus survive on a surface? | Amid the lockdown, what is allowed, what is prohibited?

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