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Covid-19 Effect |IMF report says: Global growth is in worst situation than earlier financial crisis.

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
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