The Dhaka Times Desk Corona and then the Russia-Ukraine war together, the economy of the whole world is now in a state of turmoil. It has been said that one-third of the world's countries will fall under the grip of recession this year.
Various research organizations had earlier predicted that the world economy would go through a bad time this year. But everyone was worried about how deep the crisis would go. The world economy is gradually moving towards recession. This recession, especially in the developed world, is affecting the developing world as well. Kristalina Georgieva, head of the International Monetary Fund (IMF), said that at least one-third of the world's countries will be hit by recession in the new year. Which will affect the whole world. Common people of those countries which do not fall under recession will also feel this shock.
Kristalina Georgieva, the IMF's managing director for the global economy, said that the world economy in the new year, 2023, will go through a tougher period than last year. The reason is that the economies of the United States, China and the European Union (EU) have already slowed down. Due to the Russia-Ukraine war, commodity prices have increased dramatically. Moreover, the increase in interest rates in different countries of the world, the spread of new corona virus in China has threatened the world economy more. In a recent CBS News program, the head of the IMF raised this fear that the economy of one-third of the world's economies may fall into recession this year. The IMF's economic forecast report published in October last year lowered global economic growth. It was also said that if the Ukraine war is prolonged, the global economic situation may worsen. The war situation in Ukraine has worsened in recent times. Along with that, the fear has also increased.
IMF chief Kristalina Georgieva said that the people of countries that will not fall into recession this year will also feel the shock of recession. However, Europe cannot avoid recession by any means. The US economy is on the brink of recession. The contraction of the US economy means that it will have an impact on various Asian countries including China, Vietnam. The reason is that the demand for imports of goods from these countries to the United States will also decrease. Moreover, due to high interest rates, the propensity of businessmen to take loans will also decrease. Due to which businessmen and industrialists will be discouraged to invest in business expansion. Kristalina Georgieva said 2023 could be 'tougher' than last year as economies in the US, EU and China slowed.
Things to do to prevent Corona virus
# try to stay at home all the time.
# Follow the rules and use mask when going out for emergency.
# three-layer cloth mask can be washed if desired.
# wash clothes after coming home from outside. Or hang it without shaking for at least four hours.
# Wash hands thoroughly (for at least 20 seconds) with soap or liquid before coming outside.
# plastic PPE or eyes, face, head must be washed thoroughly with detergent and dried after one use.
# Wear PPE made of cloth or clean as described.
# Use a head cap that completely covers the hair.
# Those who have sneeze cough should follow all the rules promulgated by the government. Also, wash hands as directed before and after handling food items, keys, switches, mice, remote controls, mobiles, watches, computer desks, TVs, etc. and after using the bathroom. Those who have dry hands use Moisture after washing their hands. Soap or hand liquid can be used. Why can this virus remain in the crackle (cracked part) of dry hands? Avoid using highly alkaline soaps or detergents.
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