The global coronavirus pandemic has sparked an economic “crisis like no other” s…


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The global coronavirus pandemic has sparked an economic “crisis like no other” sending world GDP plunging 4.9 per cent this year and wiping out $12 trillion over two years, the IMF said, according to AFP.

Worldwide business shutdowns destroyed hundreds of millions of jobs, and the prospects for recovery — along with the forecasts themselves — are steeped in “pervasive uncertainty” with the virus still rife, the IMF said in its updated World Economic Outlook.

#DawnToday

The global coronavirus pandemic has sparked an economic “crisis like no other” s... 3


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19 Comments

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  1. So what if we will face any problem our handsome will have great skill in begging from saudi and china so we need not to worry

  2. کروناوائرس سے دنیا بھر کی معیشت کو دھچکا لگا…
    خان صاحب کی دور اندیشی ملاحظہ ہو کہ انھوں نے احتیاطاً پہلے ہی برباد کرلی….
    یہ ہوتا ہے لیڈر، یہ ہوتا ہے ویژن

  3. Before Tigers defend PTI, let me tell you that Pakistans GDP saw significant impact long before COVID19. Coronavirus only worsened the situation
    Pakistan fought wars, faced devastating natural disasters and still GDP growth never plunged into negative in last 70 years

  4. پاکستانی لاک ڈاؤن اس دھوتی کی طرہ ہے جو اوپر سے کس کے بندھا ہوا ہے اور نیچے سے کھولا چھوڑ دیا ہے۔

  5. It is funny that the news is about World GDP and our people are still in the PakIndia or IKvsNS talks 😀

  6. If matter comes to GDP we never sweat as we always saw our GDP like falling stone from hill….do u r work

  7. and when Imran said I wasn’t happy the way provinces opted for lockdown then lifafa journos & libido brigades criticised him☺
    thank you Khan sahb for no lockdown

  8. The damage done by China is so enormous. Every human being under the sun is suffering because of their lies and cover ups.

  9. It wasn’t the pandemic which caused the financial crisis. It was the panic mongering by WHO and lack of preparation by the world governments which led to the crisis.

  10. Oh really! You wanna blame the virus for this? The media like yours have been spreading fear, pushing for a lockdown to hurt economy, for a virus with 98% of recovery rate.

  11. سانوں کی ۔۔ساڈی معشیت تے پہلاں ای ایک کھوتے نے منفی 1 کر دی ہے۔۔۔

  12. The neo liberal system of free market has failed, almost each country is indebted and is at ai pursuit of exponential growth cycle which can not be sustained, materialism is promoted by mind numbing campaigns.
    This pandemic has allowed us an opportunity provided by the widespread disruptions to pause and reorient our direction.

  13. Pandemic has hit this world worse. But we can hope for better while being in fight with. Indeed there is happiness after every pain and vice versa

  14. There is nothing better than human life. Economic conditions will get better again. Just pay attention to your deeds

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