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Top 3 Most Affected Economy Due To The Coronavirus




Top 3 most affected economy  due to the Coronavirus 

Economy crash

Coronavirus already infected more than 15 million and lead to more than 6 lakhs died . We don't  have  any treatment offically of Coronavirus . And we don't have any vaccines also . There only solution that goverment thinks is best for coronavirus that's lockdown .


Lockdown stops school , colleges , offices , industry and travelling . In Short stop Whole economy . People not have money to buy products  because they were not going working . The Company is not give the salary . Travelling were not allowed . And tourism industry is deading  . Airlines industry is deading . Transportation industry is deading . People who were involved in the deading industry have scaring a lot . Whole Economy is crashing . Million of the people will be unemployed and there will be great social depression


Some Economist says that "This will greater recession compare to 2009 economic crisis . Some People  it may economic  depression like 1918 " .


So let analysis  which 3 countries will be most affected by this coronavirus .

🌟 1 :- United States of America

USA coronavirus


United States of America have mostly number of Coronavirus patient and death . United States of America have 4,129,405 coronavirus patients and 146,665 death .

USA economy based 80% services and lockdown have stopped this services . Some industry have  adapted home work system but it very inefficient


The unemployment rate of USA have grown to 14.7 % since the great depression

United States of America economy growth rate in 2020 have come to -5.9% and In 2019 , it was 1.9% .


Trump have announced 2.2 trillion economy pack for helping unemployment people .

🌟 2 :- Brazil

Brazil physiography


The Coronavirus cases in Brazil is 2,242,394 . And the death in the Brazil from Coronavirus is more than 84k


Brazil economy is not that big as compared to the USA . Ofcourse in the number USA would have more loss in the economy . But Brazil will have social impact on it's citizen .


According to the macrotrends , Brazil poverty rate is 20 % . It's will increased as business get bankrupt


In 2019 , 1.4 % economic growth rate of brazil have reported . In 2020 , It is -8.0 % economy growth rate is predicted . Brazil economy will shrink to 8.0 % in this year

As the business bankruptcy , People loses there jobs and unemployment rate will increased . Brazil unemployment rate is increased to 12.90 % .

🌟 3 :- India

Indian flag


India Coronavirus cases toll have reach more than 1.3 m and more than 30k deaths

India have labour majority who survive on the daily based wages . Which trouble for india . Have construction stopped in the India due to the Lockdown . Supervision and Company denied to pay there wages . Have result they return to the villages respectively.


This can be problem have urbanisation in india was growing rapidly since 1999 globalisation period . It will not grow have fast as previous was .


In 2020 , The India proverty rate have be increased to 8.5%

Business bankruptcy will lead more unemployment rate .


In December 2019 unemployment rate was 7.60 % . In May 2020 unemployment rate touch to 23.48% . In fact in February there was 7.76 unemployment rate . You can see effect of lockdown on Employment . You check this data from this website click here

In 2019 , The economy growth rate was 7.1% . In 2020 , The economy growth rate is 3.2 % . India economy is based on primary occupation that's why it not hit that hard due this coronavirus


Conclusion


Economy down fall not only effect company but also effect people and society . Please support the people who are poor , who are not able earn and donate little bit for them . One cannot change the society but one one one can change the society .


We again make your economy back on track and again flourish and make the world better place for live .


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Have a nice day


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