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The Impact of COVID-19 over Economy

12 - May - 2020

Dr GSK Velu, Chairman & Managing Director, Trivitron Healthcare Group elaborates on the how countries can get together to help one another in dealing with the current pandemic and how the government can counter the effects of a demand-driven recession. The coronavirus outbreak is a human disaster, affecting countless individuals. It is also having a growing impact on the worldwide economy. As the global economy heads towards recession, the economic damage is mounting over all nations, following the sharp rise in new infections, and containment measures put in place by governments. Almost every nation has reported cases of infection however, the burden is asymmetrically distributed. Some countries are at the peak of the viral spread and are immediately developing their health systems. In other parts of the world, the number of cases is rising rapidly. India too has witnessed a significant increase in the number of infections since the beginning of April and has advanced its response, including extending the nationwide lockdown.

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