Effect of Covid from World Bank
Instructions
Read the article but summarize the essentials ideas, I want to know what you learned from the article. You are free to critique the ideas as needed, add your own views and check for grammatical errors as needed.
Answer
Effect of COVID-19 from World BankThe World Bank shares the effects of COVID-19 on global economic prospects. The article captures significant economic impacts facing different countries led by advanced economies such as the United States, Japan, and the Euro Area. Spreading at an alarming rate, the pandemic has reached every part of the world, affecting millions of people. As such, COVID-19 represents one of the massive economic shocks the world has experienced in decades. The mitigation measures have even plunged the world into hard economic times. Ranging from lockdowns, closure of non-essential businesses and schools, and travel restriction, the mitigation measures have sharply reduced investment and consumption. The strategies to limit spread have also reduced production and labor sup...
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