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 to set up a their
tables in this quarantine time period.
However the permission is granted on strict safety rules and
policies. Cafes and Restaurants will have to strictly follow social distancing
rules and only outdoor tables will be allowed. Customer will be allowed to seat
outside on different tables at a two meters distance.
World Heritage Site
Vilnius is second largest city in Baltic States of Eastern Europe.
The city is primarily known for its architecture in old town, it is declared a
UNESCO World Heritage Site in 1994. It is also famous for its cafe culture with
lots of beautiful cafe, bar, restaurants and hotels.
The local government has taken this step as a part of
counties steady exit from lockdown. The authorities allowed 18 public places which
can be used by Cafe and restaurants.
According to the government this decision is welcomed by
both from cafe owners and citizens, as they are excited to visit their favorite
places in open air after the lockdown.
Considering this as a great opportunity, more than 162 cafes,
bars and restaurants have applied to start their operations in open air.
It’s great to hear such positive news when the world is
fighting against the serious pandemic situations. We hope sooner or later all
the cities of world resume their normal life and their streets become alive
like it used to be.
If you like the article and the information we provided,
please comment your views and share it to your friends and family.
Comments
Post a Comment