Answer to Question #121343 in Macroeconomics for Vanessa

Question

Several economists project a decline in GDP growth in many countries mainly to the outbreak of the covid-19 pandemic . To what extent do you agress with their projections?

Answer 1

I strongly agree with their projections because,most countries have closed their boarders and the movement of people and goods is on a halt. Millions of workers worldwide are facing the blink of loosing their jobs due to this Covid-19 pandemic. This pandemic has disrupted global supply chain and international trade. The world's economy might shrink by 1% this is according to UN Department of Economic and Social Affairs (DESA)