corona virus has plunged the world into a "crisis like no other", Corona virus: A visual guide to the economic impact

 The corona virus pandemicthe economic impact

 corona virus has plunged the world into a "crisis like no other",

Corona virus: A visual guide to the economic impact

introduction  all countries arehttps://www.bbc.com/news/business-51706225 trying to save there economy from destruction but this virus has completely destroyed the human system corona destroying the economy like a slow poison it damage the business world and also the privet business wither its education system or software system,they are compelled to work from home

corona-virus which was first detected in China, has infected people in 188 countries.But the IMF says that the global economy will shrink by 3% this year. It described the decline as the worst since the Great Depression of the 1930s.

Although it said that the corona-virus has plunged the world into a "crisis like no other", it does expect global growth to rise to 5.8% next year if the pandemic fades in the second half of 2020.Its spread has left businesses around the world counting costs and wondering what recovery could look like.

Here is a selection of charts and maps to help you understand the economic impact of the virus so far.In response,

economic strategies of all over the countries 

But there have since been some signs of recovery in the global jobs market.

slashed interest rates

 central banks in many countries, including the UK, slashed interest rates. That should, in theory, make borrowing cheaper and encourage spending to boost the economy.

Global markets have since recovered some ground as governments have intervened. But some analysts have warned that they could be volatile until fears of a second wave of the pandemic are eased.

More people seeking work Many people have lost their jobs

privet sector is highly damage from this virus they are reducing there employees that why many peoples are finding jobs students are finding part time jobs but privet sectors are down due to again and again lock down the system is hanged 

Unemployment rates have increased across major economies as a result. many people  seen their incomes cut due to the corona-virus crisis.

In the United States, the proportion of people out of work has hit 10.4%, according to the International Monetary Fund (IMF), signalling an end to a decade of expansion for one of the world's largest economies.

Millions of workers have also been put on government-supported job retention schemes as parts of the economy, such as tourism or hospitality, came to a standstill under lock-down.

However, the data differs between countries. France, Germany and Italy provide figures on applications, for example, whereas the UK counts workers currently enrolled in the scheme.

China and France, for example, have seen increases in hiring rates as shutdowns eased, according to networking platform LinkedIn.

Risk of recession

If the economy is growing, that generally means more wealth and more new jobs.

It's measured by looking at the percentage change in gross domestic product, or the value of goods and services produced, typically over three months or a year.

That's driven primarily by growth in countries such as India and China.

Recovery in big, services-reliant, economies that have been hit hard by the outbreak, such as the UK or Italy, is expected to be a slow process.

The travel industry has been badly damaged,Travel among hardest hit

 with airlines cutting flights and customers cancelling business trips and holidays.

Many countries introduced travel restrictions to try to contain the virus.

Data from the flight tracking service Flight Radar 24 shows that the number of flights globally took a huge hit in 2020.

But as the spread of infections has eased in some areas, the industry has started to open back up.

Spain, for example, has reopened its borders to visitors from most of Europe without having to quarantine. For months it was under one of Europe's toughest lockdowns.

Travel companies also said that bookings from the UK had "exploded" after the government announced current restrictions will be eased.Brent crude is the benchmark used by Europe and the rest of the world. Its price dipped below $20, to the lowest level seen in 18 years.

Prices have recently regained ground as travel restrictions in some countries have been relaxed, boosting demand for fuel.

Consumer confidence

Retail footfall also saw unprecedented lows as shoppers stayed at home in a bid to stop the spread of Covid-19.

Pedestrian numbers have since risen as lock-down measures have been rolled back, according to research firm Grasshopper,

Separate research suggests that consumers might still be feeling anxious about their return to stores.

More than half of UK customers expect they will now go shopping less often over the next one or two years, according to a survey of more than 1,000 people by accountancy giant EY.

Vaccine hopes

Governments around the world have pledged billions of dollars for a Covid-19 vaccine and treatment options.

A number of pharmaceutical firms are in a race to develop and test potential drugs that could help nations get back to "normal".Shares in some companies have shot up on the hopes that some will be approved and distributed at scale.

AstraZeneca's share price, for example, has hit record highs. The Drug company says it will be able to produce two billion doses of a vaccine.

"Until such medical interventions become available, no country is safe," the IMF said of the pandemic that has disrupted the global economy.How the COVID-19 crisis is affecting Pakistan's economy 

Pakistan economy after covid 19

Pakistan's already fragile economy had only just been moving towards stability when the health crisis struck. Experts fear that the pandemic's economic fallout will considerably derail the country's recovery process.

 cases of the corona-virus 

    Pakistan has so far registered nearly 270,000 cases of the coronavirus and over 5,700 related deaths. A week ago, President Arif Alvi congratulated the nation for its "victory" against COVID-19 during an interview with a local broadcaster. Alvi said the government successfully saved the country's poorest from the financial impact of the pandemic.

At the time of Alvi's commendation, the confirmed number of COVID-19 patients in Pakistan stood at 259,998 and 2,085 new cases had been recorded in the last 24 hours.

Prime Minister Imran Khan's government says the drop in the daily number of new coronavirus cases in July is due to its "smart lockdown" strategy. But observers say the trend could be a result of misreporting and inadequate testing.The pandemic has also taken a devastating blow on the Pakistani economy.

"Pakistan's economy is shrinking

"Pakistan's economy is shrinking, unemployment is rising and various sectors are in crisis," warned Zafar Moti, the former director of the Karachi Stock Exchange (KSE). Moti told DW he is less concerned about Pakistan's financial markets and more concerned about the long-term impact of the pandemic.

Pakistan's GDP growth 

Pakistan's exports primarily comprise of textile products. These exports are down since the COVID-19 crisis started, with some orders even being canceled. Moti does not expect demand to pick up again post pandemic. "All of this will negatively impact foreign reserves and ultimately the currency value. In the long run, financial markets will also be negatively affected," he said.

When Khan took power in 2018, Pakistan's GDP growth was around 5.8%; now it is 0.98% and is likely to decline further. The country's fiscal deficit is almost 10% and revenues have plummeted in the past two years.Pakistan's public health system was overstretched long before the onset of the coronavirus pandemic. On average, Pakistan has one doctor for every 963 people and one hospital bed for every 1,608 people, according to UNDP figures. Pakistan faces a shortage of 200,000 doctors and 1.4 million nurses to cope with the crisis