Benjamin Gordon the COVID-19 pandemic outbreak has disturbed the world’s economic, social, medical, financial, and also political structures. The leading global economies such as Japan, China, France, Germany, Italy, UK, and also the United States, as well as many others, are all on the brink of collapsing. During this time, the global stock markets have crashed, and also the price of oil has reduced exponentially. The majority of Americans have lost their jobs, and also there is talk of company shutdowns and also pay cuts as well.

Several financial and also economic experts have shared that conditions may worsen in the days to come. IMF (International Monitory Fund) suggested that this recession is one of a kind. And also is about to hit the economy sharply in the following months. According to Benjamin Gordon of Palm Beach, the pandemic is affecting. The worlds economy because of other challenging economic consequences since World War-II. In terms of the cost of humans during COVID-19, the losses are high. Countries and also their governments need to work in complete coordination. And also cooperation to secure human lives and also restrict economic losses. For example, repeated lockdowns have limited travelling, which reduces the contamination rate. Continue Reading.