COVID- 19 has greatly affected the world economy, and it is now experiencing its deepest crisis in history. With total shut down of the nations across the globe there came discontinuation of different economic services like supply, travel, export-import, etc. The economic crisis has deeply affected the world and the population of different countries. With the covid situation receding, we can reimagine the world economy coming back on track and recovering itself. We can hope that the decision-makers of the countries could find solutions to revive the economy. We bring to you steps to revive the economy.
Steps to revive world economy by Benjamin Gordon Palm Beach
The foremost step to revive the world economy is understanding the areas where the pandemic has attacked the most and damaged it. There are four to five sectors on which the covid has great impact, and if we could revive those sectors of the economy, the situation will improve to a greater extent. The areas are.
Conclusion
The most affected areas over the years in any economic recession have always been these sectors that we have mentioned above, and the only way we can help them survive in the revived economy is by building a structure that could withstand such blows. As the productivity rate has been quite low in recent times, it has putt constraints on various sectors and increased the inflation rate. According to Benjamin Gordon Palm Beach by reinventing the economy of their country, we can easily reinvent the world by working together.
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