Coronavirus

     This article entitled « There will be no easy cure for a recession triggered by the coronavirus », is taken from the British newspaper The Guardian was published in March 2020 and was written by "Simon Jenkins"

  It deals with the burning issue of the global economic consequences of the covid-19

 To begin with, the emphasis is laid on the economic repercussions of Coronavirus.

 Then details about the attempts and the efforts made in order to perceive economic solutions to the pandemic.

 Eventually, it is worth pointing out that the vulnerability to the of the disease and globalisation will make it difficult to counter Coronavirus.

      As I have just said, the journalist focuses on the economic slow-down and the decrease caused by the Coronavirus.

  It involves that this virus have a serious consequences on the economic level and it’s clearly exemplified line 7 

 The percentages given are worrying , a massive falls of up to 10 % have been registering by the markets.

Moreover , an economic collapse have already begun and the recovery will be more difficult.

   This leads me to the second part of my presentation which is the fact of how hard and difficult it would be for the economy to recover itself after the coronavirus .

It’s explained that there is a balance of risks to be assessed according to the government .

It’s obvious that when whole economies quarantine themselves, everyone suffers.

In addition globalisation has seen business, migration and tourism dissolve national, even continental, borders. As airlines and factories close down round the world, and it clearly affects all the economic activities .

  This leads me to the third and final part , which is globalisation

One should highlight the fact that globalisation will make the recovery of this situation more difficult for the global economy since all businesses, factories, companies , industries and banks are connected .

Specially if the tools of the government are national and nit international .

Moreover there is no global treasury to stimulate demand, pump cash into circulation, subsidise employment and maintain investment. The instinct of a nation’s government is now to self-isolate, build walls, impede congregation and stifle trade .

     To put it all in a nutshell the coronavirus has shown a world’s vulnerablility to fear of this disease however the world is going to experience its vulnerability on the level of the economic consequences

...