What Can we expect economically
Day 14: “What will 2020 bring”
Okay, before we begin, I must state that this is the last story of a fourteen strong series documenting my initial gurney into discovering the subject of the Economics before my A levels. This has been a long and informative journey so stay with me for the last one were almost there. Todays blog is going to be a far shorter one than normal as the topic of 2020’s economic states has been so inferior. Today I will just be asking the simple question of what does or did the year 2020 economically bring to the table?
What has it brought?
The COVID-19 pandemic is inflicting high and rising human cost worldwide, and there need to be necessary protection measures. However this directly and negatively implicating economic activity. As a result of the pandemic, the global economy is projected to contract sharply by around three percent in 2020, much worse than during the 2008–2009 financial crisis. The global economy is projected to grow by 5.8 percent in 2021. The COVID-19 pandemic is impacting emerging markets through an unprecedented selection of domestic and external shocks whose combined effects are very hard to predict. Among these are, emerging markets, confronting a sharp tightening in global financial conditions. Finally the share of immigrants in advanced economies has risen significantly in recent years, while escalating conflicts have caused large refugee flows that have primarily affected emerging markets and developing economies.
Well that it for the last time. This final blog concludes this most interesting and eye-opening experience of taking a small whistle stop preliminary journey into the world of an economist. I really hope everyone who read these blogs ended the rather long journey that we took and learned, if not many, one thing from my blogs that would sit very rightly with me. Unfortunately obviously I wont say that the next day will be called such and such as there is no next blog do goodbye!