Coronavirus Impact on Global Economy at a Glance

COVID-19 continues to devastate lives and livelihoods around the globe. The confirmed deaths from coronavirus cases reached 529,113 and the infection numbers are 11,190,678, globally till now (Saturday 8:00am), according to the latest tally from Johns Hopkins University (JHU).

The numbers of cases and deaths are increasing every moment across the world, but there are still no vaccines to protect the body against the disease it causes, Covid-19. So, coronavirus infected countries are imposing lockdown to contain the spread of Covid-19 which plunging the world economy into its worst downturn since the global financial crisis.

Here are the impacts of coronavirus on the global economy:

1. US trade deficit widens as exports fall to the lowest level since 2009

2. Gulf economies to shrink by 7.6pc this year, IMF says

3. Indonesia's annual inflation falls to lowest in 20 years in June

4. Greek economy to fall by 5.8pc in 2020

5. UK economy shows the biggest drop in 40 years in early 2020

6. Vietnam's H1 GDP hits record low due to pandemic

7. Australia's golden economy faces a long road to virus recovery

8. IMF's Georgieva says virus crisis could ultimately test $1.0 trillion war chest

9. IMF predicted that the global economy could shrink 4.9pc this year

Source: Internet