Latest Economic Trends in 2020
It was not the best year for the world economy in many ways. Being the host year for the COVID pandemic has been one of the biggest reasons to pulse a negative impact. Therefore 2020 di not have a tuned beginning for sure. However, the world economic trends are now revolving around some possibilities.
These five points might suggest initial things as trends.
1. Business Cycles are getting better
Although there were many eruptions and downs in the business cycle due to the lockdowns and other similar situations, those things are becoming favorable. When it comes to buying and selling, most of the things are back in normal. Also, GDP is becoming normal in most of the European countries. The best example is the United States who has to go full employment even after the huge fallback. When it comes to most Asian countries, they are at their best except India, who is struggling.
2. Central banks are folding their Wings
Central Banks have been working hard during the situation to get the least impact because of the pandemic. Many tools were introduced to the public, and the ultimate result was to make the most of the damage to the governments' hand=ds. Because of those preparations, most central banks could act according to even the most difficult situations. The introduced 0 percent interest for the loans was withdrawn due to the success of the central banks' involvement. America has already proceeded with that step as well. Also, the unemployment issues have increased as a good some in the US. It is said that there are 7.2 million job opportunities are already in the US.
3. International tension is also getting into Normal
Although many difficulties were there between the US and China, things are getting back into normal thanks to the countries' diplomatic policies. There were some conflicted discussions and blames against china made by the President of the United States. Although there were some signs of an upcoming war, the two countries are now exchanging aids. It was not only a thing between those two countries but for other countries as well.
4. Elections have come first
The world is still learning about politics because it is not a thing that can be satisfied without sacrifices. Even in the peak pandemic situation, South Korea needed holding the elections, and finally, they did hold. Political polarization is still coming from all corners of the world. When all other factors are getting into normal, the elections have become one of the public's enemies. It has still been a conflict with unfolded elections over the world as well.
5. The Stock Market is being questioned
The fall of the stock market didn’t happen as most of the nations and companies expected. It can be predicted that it is not a weak thing when it comes to expectations. The gap between the realities an the image is wider than the limits. Most of the people are now believing in the stock market. Profits have increased, prices are stable, higher consumer demand, and many things have favored the stock market.
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