The Covid-19 crisis has resulted into a blessing in disguise for the central banks who sought digitalization of the global monetary system since 1983. While the need of a digital currency has increased amidst coronavirus pandemic, the dramatic fall in the global economic outlook can result into a serious crisis that can lead the world...
October 16, 2025
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April 2, 2020September 18, 2025Breaking News, Opinion, World
Global economy could shrink by almost 1% in 2020 due to novel Coronavirus pandemic: United Nations
The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without adequate fiscal responses. The analysis by...