ECONOMIC CRISIS DUE TO COVID19

Economic crisis due to Corona virus CRISIS OF ECONOMIC The Covid 19 outbreak now a pandamic according to WHO (World Health Organization) is rapidly evolving into a human tragedy which is distributing economic activities of all effect countries. Financial markets across the world experiencing intense volatility and financial conditions have tightened world wide policy authorities have responded the emergency measures and more recently economies have coordinated large policy rate reduction with activation of swap lines as well as quantitative and credit easing. Estimations of consequent loss of global growth are currently placed in the range of 0.4% to 1.5%. Indian sectors such as Airlines, Tourism, Hospitality Industries, domestic transport and trade are suffering a loss of activities. In all countries of the world, the impact of this virus is showing it's strength and the battle is between a virus and humanity. ...