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Showing posts with the label Current world Economy

Corona's scary presence By San (Andrews), the Author of Too Bitter to Swallow

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    The triumphant Corona virus is smashing ahead with all the virulence and intensity that it can afford in its nascent stage. Mind you, the mutation stage is in process and there is no guarantee that this devilish micro-organism will not assume more devastating proportions. The mankind which has already been brought to its knees may even be forced into prostration in the coming days or months. Such is the speed and venom with which this  (arguably the most feared of all) virus is galloping ahead like a warhorse numbing every economy not only the budding but even the matured ones in its stride to the extent of grinding to a halt the everlasting phenomenon called life.  Will life stop forever? Even Gods may keep mum on that question because he may not be sure about it! Let us skim through the six-month-old history of Corona since it made its scary presence felt in December last or January beginning and the hellish ramifications that it unleashed. Aft...

COVIDONOMICS by Nijil Jacobi, Asst.Professor of Department of Economics,SH college Chalakudy

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The entire mankind is passing through a new phase of history.  I think this would be an era of the pandemic. COVID 19 may be the most discussed utterance in the world. A virus originated in China, now spread all over the world. The pandemic becomes a nightmare to the whole of humanity. One may say, it is one of the negative externalities of globalisation but anyway we have to accept the reality that it's all around us. We play a cat and mouse game today. Actually, it's a game of life, a game of survival. The number of COVID cases are increasing sharply. Scientists are behind the vaccines. Doctors and nurses are sweating to save mankind,  the entire economy of the world has been crushed and Government officials are striving to save the economy. When we discuss the economic impact of this pandemic COVID-19, it may be a phase in the whole world history where each and every nation in the world together strive to survive. The latest reports of the International Monetary...