As of now due to the coronavirus outbreak, there is a total of 3-4 billion people under lockdown. All economic activities are closed and coronavirus still spreading worldwide, this will lead to The Great Depression.
What investors couldn't know is that over the next 30 days, the coronavirus would burst out of quarantine in China, with major outbreaks in South Korea and Italy, then Spain, France, Germany, the United Kingdom and the United States. It brought business to a sudden stop, sent stock markets into a meltdown and forced central banks to take emergency action on a scale even greater than during the 2008 global financial crisis. A global recession, once unthinkable in 2020, is n...
The Federal Reserve stated that the US economic growth will droop down to 2.3% in 2019 that will further fall to 2% in 2020 and then to 1.8% in 2021. This will have a great impact on personal finance, investments and job growth at the global level.
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