Insitute of Economics and Management studies

GREAT DEPRESSION 2020 In my previous article I already predicted great depression 2020 which u can read below. GREAT DEPRESSION 2020 (1) GREAT DEPRESSION 2020 (2) So present scenerio you all are noticeing that we all are moving towards great depression 2020. Unemployment rate rising towards more than 24 % which means out of our total workforce every fourth  person will be Unemployed. This is not shocking as i had already said in my previous articles.We have to face this situation. Now other situation which i had already predicted in my previous article that is Demand supply inbalance will create depression which you all are noticing . As you all know that Govt has open Economy but Business houses, traders are facing problem of Demand which is creating inbalance situation due to liquidity .To curb Liquidity Govt has given package of 20 lack cr in Economy but question again is that this huge package will reduce depression answer is certainly No because c

GREAT DEPRESSION 2020 Ugc net and other competitive exams Great Depression 2020 The International Monetary Fund issued a stark warning on Tuesday about the coronavirus’s economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national lockdowns cause economic output to collapse. The grim forecast underscored the magnitude of the shock that the pandemic has inflicted on both advanced and developing economies and the daunting task that policymakers face in containing the fallout. With countries already hoarding medical supplies and international travel curtailed, the I.M.F warned that the crisis threatened to reverse decades of gains from globalization. In its World Economic Outlook, the I.M.F. projected that the global economy would contract by 3 percent in 2020, an extraordinary reversal from early this year, when the fund forecast that the world economy would outpace 2019