Can someone please help me solve some of these questions? I will name brainliest Thank you :)
...
Can someone please help me solve some of these questions? I will name brainliest Thank you :)
“The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic.”
Assess the possible effects of the economic slowdown in 2020 (12)
Some issues to consider:
What is meant by a recession?
What is the effect on businesses, and why?
When the crisis is mainly over, will consumers return to behaving exactly as they did before?
What was the unemployment rate at the start of the year? What do you think it might be in December? Explain your reasoning
Are people likely to have higher, or lower, debts in December 2020, compared to 2019? Are governments likely to have more or less debt? Explain your reasoning, and what the implications could be
Can you think of any businesses/industries that may take longer to recover than others? (Any ideas of businesses that involve lots of people gathering together for extended periods?)
Can you think of some businesses/industries that might do very well? (What about companies making health care products: do you think their sales are likely to be stronger, or weaker, than in 2019?) Explain your reasoning.
Overall: how powerful will the economic effects of this virus be? What might they depend on?
Answers: 3
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