The world is slowly limping back to work. There is some slowdown in infections and death rates in many developed countries, but the coronavirus is not done with the world yet. Till now, more than 51 lakh people have been infected by the virus globally, with over 3.33 lakh deaths.
That is the human cost. The economic and social impact is unprecedented. This is one of the worst global economic declines ever since records have been kept. Most of the countries are going to witness negative growth ranging from 5-15%. But there is enough resilience in the system with new technologies and global connectivity in financial markets. India needs to have a clear policy to survive and grow in the post-Covid-19 world. Based on these early signs, five trends and suggested policy responses are listed below.
This story is from the May 23, 2020 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 23, 2020 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
B'luru Records 111 Mm Rain In A Day - 1st In 100 Yrs
SUNDAY'S 111.1 mm rain is the highest for Bengaluru in 133 years for a single day in June. It also surpassed the average rainfall for the month, which is 110.3 mm.
Israel Says It Prefers Indian Beaches After Maldives Ban
A day after the Maldives decided to ban Israeli passport holders from entering their country due to the situation in Gaza, the Israeli Embassy in India on Monday stated that they prefer visiting beach destinations in India such as Goa, the Andaman and Nicobar Islands, Kerala, and Lakshadweep instead of the Maldives.
Bajrang's provisional suspension revoked
IN a fresh twist, Bajrang Punia's provisional suspension for allegedly refusing to submit a urine sample during the Olympic wrestling trials organised by the now-defunct ad hoc committee was revoked by the National Anti-Doping Agency's Anti-Doping Disciplinary Panel.
SOUTH AFRICA WIN IN NY BUT CONDITIONS APPLY
On a two-paced wicket, Proteas pacers run through Lankan line-up
Mother Dairy, Amul raise prices to offset costs
AMID heat stress, even leading dairy companies are facing low milk supplies, which is forcing them to increase prices.
At least 10 killed in Sri Lankan mudslides, floods, schools shut
SRI Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people dead and six others missing, officials said.
First woman to become Mexico prez in 200 yrs
Claudia Sheinbaum takes office on Oct 1, has to tackle pressing gender-related issues
Central forces to stay in violence-hit Bengal till June 19 as situation tense
Section 144 imposed in 17 pockets of Sandeshkhali, additional security personnel deployed
NIA files chargesheet on Delhi-Padgha IS module
THE National Investigation Agency has filed a charge sheet against 17 agents of the proscribed global terrorist network in a conspiracy involving the recruitment and radicalization of youth and the fabrication of improvised explosive devices in the Delhi-Padgha (Maharashtra) ISIS terror module case, officials said on Monday.
Nitish meets Modi for a 'courtesy call'
AHEAD of the counting of votes for the Lok Sabha polls, Bihar Chief Minister Nitish Kumar met Prime Minister Narendra Modi on Monday. However, there was no official word on the details of the meeting.
