the Market capitalization of the top 100 companies of the world in pandemic coronavirus infection COVID-19 declined by 15% in the period from December 2019-March 2020, to $21.5 trillion.
the data provided in the PwC study, which analyzed the top 100 companies in the world by market capitalization for the period from March to December 2019, and for the year ended 31 March 2020, according to PRIME.
the experts of the consulting company stressed that the crisis caused by the pandemic, has had “an unprecedented impact on global markets.”
we will Remind, on June 8, the world Bank (WB) has revised the sharp deterioration in the Outlook for the global economy. As follows from the June report of the world Bank, “the coronavirus pandemic and quarantine measures to contain it have had a sudden and massive shock effect on the world economy, plunging her into a deep recession”.
Bank Experts predict that this year the global GDP will shrink by 5.2%. “This recession will be the deepest since the Second world war, and the decline in production per capita will reach the greatest percentage of countries since 1870”, — emphasized in the WB.
However, in 2021 is expected to recover, the world economic growth may reach 4.2 percent, not 2.6 percent as expected in January.
the world Bank does not exclude that the global measure of income per capita will decrease by 3.6%, which would plunge millions of people into extreme poverty.
on April 14, the international monetary Fund (IMF) presented a report which predicted the fall of the world’s GDP in 2020 to 3% or more due to pandemic COVID-19. Also in January, before the appearance of the signs of a pandemic, the IMF slightly downgraded its assessment on the global economy, but expected growth of GDP to 3.3% by the end of this year. As for the forecasts for individual countries, the Fund expects the fall of the U.S. economy in 2020 5,9% in comparison with the 2019 year. China predicted a sharp slowdown of GDP growth by 4.8 percentage points to 1.2%. The IMF also suggests that the Eurozone economy because of the coronavirus will fall in 2020 by 7.5%.
Earlier, on 27 March, the managing Director of the IMF Kristalina Georgieva stated that the world economy went into recession. “Now it is clear that we entered the recession, such as bad or even worse than in 2009” — said the head of the IMF during the video briefing. However, she is expecting a recovery of the global economy in 2021, but if “will be able to cope with the virus around the world and prevent problems with liquidity”.
we Add that the outbreak of pneumonia caused by a coronavirus infection (COVID-2019), was formally recorded in December 2019 in the Chinese city of Wuhan. March 11, 2020, the world health organization (who) officially recognized the situation with coronavirus pandemic. To date, cases of infection were recorded in almost 200 countries and regions of the world. In General, the number of infected COVID-2019 in the world more than 7.3 million people died of 416 thousand. The pandemic has had devastating effects on the world economy. Under the powerful kick hit many industries, including transport, tourism, hospitality, automotive, construction, retail, and entertainment.
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