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Covid-19 Devastating Effect On Global Economy

sanni Oshokede by sanni Oshokede
January 11, 2024
in World News
Reading Time: 1 min read
Covid-19 Devastating Effect On Global Economy
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Australia became the latest country to feel the wrath caused by Covid-19 as the country fell into recession as a result of a pandemic that has continued to threaten the Global Economy.

This was the first recession the country has experienced in almost three decades.

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Brazil also had their economy shrank by almost 10 percent, while China from where the virus first broke, is the only major nation recording economic growth during the pandemic.

A recently released data report shows India and a host of European countries facing the toll of months of lockdown as countries across the world try to keep up with a virus that has killed north of 850,000 and infected over 25 million people.

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