{"id":10674,"date":"2020-03-17T04:45:54","date_gmt":"2020-03-17T04:45:54","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=10674"},"modified":"2020-03-17T04:45:56","modified_gmt":"2020-03-17T04:45:56","slug":"covid-19-outbreak-could-cost-global-economy-up-to-2-trillion","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/covid-19-outbreak-could-cost-global-economy-up-to-2-trillion\/","title":{"rendered":"COVID-19 outbreak could cost global economy up to $2 trillion"},"content":{"rendered":"\n<p>The corona virus (COVID-19) outbreak could cost the global\neconomy up to USD 2 trillion this year. The UN&#8217;s trade and development agency warning\nthat shock from the epidemic will cause a recession in some countries and\ndepress global annual growth to below 2.5 per cent. Apart from the tragic human\nconsequences of the COVID-19 epidemic, the economic uncertainty it has sparked\nwill likely cost the global economy $1 trillion in 2020.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<p>According to UNCTAD, the trade impact of the corona virus\nepidemic for India is estimated to be about USD 348 million and the country\nfigures among the top 15 economies most affected as slowdown of manufacturing\nin China disrupts world trade. Slowdown of manufacturing in China due to the\ncorona virus outbreak is disrupting world trade and could result in a $50\nbillion decrease in exports across global value chains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The corona virus (COVID-19) outbreak could cost the global economy up to USD 2 trillion this year. The UN&#8217;s trade and development agency warning that shock from the epidemic will cause a recession in some countries and depress global annual growth to below 2.5 per cent. Apart from the tragic human consequences of the COVID-19 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":10675,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[914],"tags":[],"class_list":["post-10674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2020"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/10674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=10674"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/10674\/revisions"}],"predecessor-version":[{"id":10676,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/10674\/revisions\/10676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=10674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=10674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=10674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}