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there is any scope left in foregin trade due to covid


Tushant patel 27th May, 2020
Answer (1)
iammohdshareef 27th May, 2020

Economy has been disrupted  because of COVID 19 for sure. World Trade is expected to dip by 13% to 20% in 2020. This being end of May and the workd still suffering from COVI 19, almost half the year has been lost. To reveive the lost economy in a span of 6-7 more months means implementation of new economic reforms. But very countries are concentrating on the economy given the gravity of the situation. We cannot say that whole of 2020 is lost but the recovery of any economy depends on the quickness and effectiveness of its policies. Rapid and rebound is only possible if strong measures are taken. This all depends on the Governments. It cannot be completely said that 2020 is a lost case but there is still a hope. But 2021 can be seen recovering and positive in the terms of foreign

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