empty
 
 
Antonio Guterres: world to face deepest recession in 80 year...
22-12-2020 16:59
Antonio Guterres: world to face deepest recession in 80 years
Antonio Guterres: world to face deepest recession in 80 years

During the Nobel Peace Prize Forum, UN Secretary-General Antonio Guterres shared his pessimistic views about the future. He supposes that soon the world will face the gravest crisis in the last 80 years.

The economic and social consequences of the crisis caused by the coronavirus pandemic are really disastrous. It will take a lot of time to cope with them. Moreover, the situation is getting worse.

At the same time, the hopes that the mass vaccination will improve the state of affairs are rather vague. The damage is much more serious than economists initially thought. As a result, the world will hardly avoid the deepest recession in the last 80 years.

Antonio Guterres emphasizes the rising levels of extreme poverty and looming famine. He believes that the main reason for such disasters is the failure of countries to unite to combat the global threat.

This, in turn, did not allow them to develop correct and timely measures to contain the virus spread just after the outbreak. In other words, the reaction of most countries to an immediate spread of the coronavirus infection was divergent, chaotic, and unstable.

The virus has also deteriorated the already sour relations between various countries. The competitiveness between the states for markets of essential items has become really fierce.

The forecast provided by Antonio Guterres partially proves the predictions made by Executive Director of the World Food Programme, David Beasley. Earlier, he said that in 2021, people would face the gravest humanitarian crisis.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback