Source: Pixabay | Owner: MasterTux
Reading time: six minutes
The world has entered the second half of 2020 just as troubled (if not more so) as it did in the first half. And as financial forecasts grow grimmer by the day, one thing is starting to become painfully clear to all—we might not see a full recovery in 2020, and even one happening in 2021 would depend on a lot going right.
Source: depositphotos.com
Reading time: ten minutes
The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.
In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.
Source: Depositphotos
Reading time: five minutes
For the past several months, the Chinese government has been hard at work to create an electronic equivalent of its national currency—the Renminbi. If successful, the e-RMB will become the first digital currency to be officially used by a leading economic power.
With that said, there are growing concerns that Chinese officials might abuse the power that comes with a state-backed digital currency to further their nationwide surveillance efforts.
Source: Pexels | Author: Anna Shvets
Reading time: 10 minutes
If we can all agree on one thing, it’s that the world will never be the same after COVID-19.
It has been estimated that the better part of the global population currently faces travel restrictions, about 25 million people in aviation and a 100 million more in the travel sector are at risk of losing their jobs, and the world is still reeling from the billions upon billions of lost profits. In unprecedented times like these, many are wondering if the days of travel as we remember it are over.
Source: Unsplash.com | Author: Braden Collum
Reading time: 6 minutes
In the span of just a couple of months, the coronavirus pandemic managed to shake the foundations of the global economy, dramatically alter our day-to-day lives, and generate unprecedented unemployment levels on a global scale, all without breaking a sweat.
And while the disrupted supply chains posed significant financial risks to a great degree of companies, for some sectors the virus turned into an unexpected stairway to success. LEt’s take a look at who are the winners and losers in the fight against COVID-19.
The global experts are unanimous that the coronavirus has caused an unprecedented crisis, comparable in scale and gravity to the Great Depression from the 1930s. And despite being obvious that the end of the pandemic is far and the crisis is only beginning, investors and analysts already make forecasts and draw plans for recovery.