Covid-19 Effect |IMF report says: Global growth is in worst situation than earlier financial crisis. x An exceptional situation emerged in global economy due to Covid-19 pandemic world wide. Most of the countries have to shut their corporate operations and lockdown their cities due to Covid-19 outbreak. This resulted in world wide down fall of economy and financial crisis. As per the latest Global Financial Stability Report (GFSR) of IMF, Global growth is now expected to decline by 3 percent in 2020, which is the worst performance than the earlier global financial crisis. What is more dangerous is that IMF stated that the future recovery from this downfall is highly uncertain. The time period and shape of this crisis recovery is undefined right now. Covid-19 Effect on Equity Markets As per IMF equity markets faced their fastest drop in the history and asset price decreased up to about half of the scale seen in the 2008 financial crisis. Price ear
COVID-19: Entire European city is turned into open air Cafe and Bar due to corona virus. What if the entire city becomes a cafe or a Bar? How will you feel if your favorite city spots are now open air café, bar or restaurants? How will you feel if you are allowed to drink coffee, lemonade or beer on open streets, squares and plazas of your city after the Lockdown? Sounds amazing and impossible right? However this is actually happening that to in this pandemic time. When the entire world is struggling to hang out outside in open streets and squares, this is actually happening in the Lithuania’s Vilnius. Vilnius, the capital city of Lithuania’s, will become big open air cafe. Vilnius, the capital city of Lithuania’s, will become big open air café as authorities have permitted café, bars and restaurants to set up tables outside on streets . As per the authorities’ café near to cities public places like streets, squares and plazas can use the outdoor place