World- wide lock down effect on world economy.

World wide lock-down effect on world economy.

Entire world are on lock-down and this lock-down have been direct impact on world economy. The worlds almost country are giving command to their soldiers patrol the streets to keep people indoors. Due to this shall help to controlling the spreading COVID-19.

World business activity has collapsed.

World business activity has collapsed to Western Europe at a record pace. As measure to contain the corona virus (COVID-19) impact on the world economy and with data for the United States expected to be just as dire.

 BlackRock Investment Institute analysts said that the coronavirus outbreak a major external shock to the marco outlook, and it is akin to a large scale natural disaster.

Activity in Euro countries has stalled due to the spread of the disease, the closure of shops, restaurants and offices.

The covid-19 pandemic will be an economic tsunami for India.

The rating agencies, domestic and global both are unanimous the covid-19 is like a economical tsunami for India.

India may not slip into a recession, unlike the the US , Eruzone or Asia-pacific that  because of the stronger trade ties to China,Indian analysts believe that the inpact on Indian's GDP growth will be significant.

In India currently 6-days lockdown complete and not to sure that how many days are lockdown in future.This lockdown began on March 25 to contain the spread of COVID-19. this virus is also call coronavirus. This will be direct impact on indian financial year 2021, which is begins on April 1.

Indian Finance Minister Nirmala Sitharaman announced a $ 23 billion package to reduce disruption. India's central bank sharp interest rate cuts and joined the fight for this epadamic time.

The United Nations Development Program (UNDP) warns that they threaten to devastate the economies of already vulnerable countries with very limited resources to deal with a health crisis.

It will take years for the poor and developing countries to recover from socioeconomic injury, UNDP said in a report released on Monday, with income losses in those countries estimated to be over $ 220bn. Nearly all jobs in Africa could be lost, it also warned.

Economic dropped in the UK in the first half of the march.

The first half of March saw an economic decline in the UK as the impact of the coronovirus crisis began to hit jobs even before the lockdown.

The figures are among the first signs of a potential economic shock to the economy as official output data are published only after a week-long hiatus.

The European Commission showed that a decline in sentiment. Dragged down between businesses as well as consumers in the services and manufacturing sector. The overall sentiment 95.6 in February is fall down to 92 in March. This is well below historical average of 100.

The figures are among the first signs of a potential economic shock to the economy as official output data are published only after a week-long hiatus.

However, the data collection precedes the closure of all UK non-essential shops and the introduction of social far-reaching measures on 23 March.

The decline in demand for services increases the likelihood of resilience of a sector, which has grown massively over the past year, while industrial production has suffered from the weakening of international demand.

Nepal fears long-term economic consequences of COVID-19.

The frequent deaths of positive tests in other countries due to the disease caused by COVID-19, SARS-nCoV-2 virus, have also caused widespread concern in Nepal.

The widespread fear of a possible outbreak is a tough blow to the Nepalese economy, which seemed on the verge of a minor revival following the 2015 earthquake and subsequent Indian blockade.

Nepal is beginning to face the most abrupt and widespread cessation of economic activity due to widespread fear of a possible outbreak of this deadly respiratory pathogen that is capable of community transmission.

Service industries such as tourism and hotels are particularly hard hit. Tourism was expected to boost Nepal's economic development and contribute to tourism to the high growth target of 8.5 percent set by the government for this year, but the industry has little financial cushion. According to the report prepared by the World Tourism and Tourism Council, the tourism sector's contribution to Nepal's economy was 7.9 percent in 2018, representing the private tourism industry and counting more than 200 company members.

It is a tourist season, but hotels have very little space in major tourist centers like Pokhara, Thamel, Bandipur, and Chitwan. For Nepal, India is the largest source of tourism industry after China and the United States.

Nepal's manufacturing industries are mostly dependent on raw materials from China. The knock-on effects are important for Nepal as the supply of raw materials from China is greatly reduced. The Central Bank of Nepal, the Central Bank of Nepal in its Mid-Term Review 2019-20 monetary policy, stated that this year the spread of coronavirus along with low paddy production will have a bad effect on our economy.

People are worried because we still do not know much about this deadly virus and how deep and widespread the economic decline will be. It is still difficult to predict. It will be some time before we can estimate the full economic shock from this virus. Historical experience suggests that exemption from such output losses is possible, but it takes time. Nepal is also experiencing an unprecedented production decline in its intensity and exemption from such losses is possible, but not by any guarantee.

Conclusions:

Debates about the desirability of economic lockdown to deal with the covid-19 epidemic are often dialectical: whether it is or not. This is confusing. The optimal lockdown policy is likely to be an intermediate one. For countries caught off with the current pandemic (except for most countries, some in Asia), a severe form of pandemic is optimal when the pandemic catches up in the country. After an initial period, that policy should be more liberal, but persist until the epidemic becomes a threat to the health system, albeit in rapidly growing forms. That is, it will probably take several months for 2019 to return to the level of economic freedom. The final restrictions to be removed should be those activities that cause little harm when carried out remotely and which cause the most damage by allowing the wide spread of the virus.