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Executive Certification Programme in Advanced HR Analytics Admission Open

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Executive Certification Programme in Data Analytics Admission Open

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Executive Certification Programme in Marketing Analytics Admission Closed

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Executive Certificate Program in Project Management Admission Closed Executive Certificate Program in Advanced Supply Chain Management Admission Open

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eDP in Applied Financial Risk Management Admission Closed eDP in Financial Data Analytics Admission Open

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Executive Development Program in Strategic HRM Admission Open

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PG Certificate Programme in AI and Machine Learning Admission Closed

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Executive Development Programme in Strategic Management Admission Open

Marketing

Executive Development Programme in Digital Marketing and Analytics Admission Open Executive Development Programme in Managing Products and Branding Admission Closed

Operations

eDP in Advanced Supply Chain Management and Analytics Admission Open Executive Development Programme in Operations Management with Six Sigma Admission Closed

Finance

Executive Certificate Program in Business Finance Admission Closed

IT&Analytics

eDP in Data Science and Machine Learning using R and Python Admission Closed

Management

Executive Post Graduate Programme in Management Admission Closed Executive Development Programme in Leadership and Change Management Admission Closed Post Graduate Executive Certification in General Management Coming Soon

Marketing

Executive Certificate Program in Digital Marketing and Social Media Strategy Admission Closed

Operations

Executive Development Program in Operations Management with Six Sigma Admission Closed

HR

Executive Development Program in Strategic Human Resource Management Admission Closed

Management

Executive Post Graduate Certificate Program in General Management Admission Closed

Marketing

Executive Development Program in Digital and Social Media Marketing Admission Closed Executive Development Program in Marketing Analytics Admission Closed

Operations

PG Certificate Program in Digital Leadership in Smart Manufacturing Admission Closed Executive Development Program in Digital Supply Chain and Logistics Management Admission Closed

Management

Post Graduate Certification in Advanced General Management Admission Open

Operations

Professional Certification in Advanced Project Management and Strategic Leadership Admission Open

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Post Graduate Program in Advanced General Management Admission Open

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PG Certification in Data Analytics Admission Open PG Certification in Data Science Admission Open
Blog-Nulearn
coronavirus

The Impact of COVID-19 on Global Economy

The world is resting. Nature is rebooting itself after the complete world population is in a lockdown situation. According to economists, we have never witnessed such an unexpected shock in the last 100 years of our history. The number of confirmed cases has crossed 3.16 million across the globe and the death toll has increased to 220k+ as on date. The United States, Spain, and Italy were the worst-hit countries.

The other problem mounting is the stock markets which plummeted almost one-third of its levels in the period of February to March. The pandemic has disrupted the global supply chain and international trade. This puts huge pressure on world economics. It is expected that the global economy can shrink up to 1% in 2020.


What do economic metrics tell the story?

Out of the various indicators that define the economic state of a country, the Purchasing Managers Index (PMI) measures the level of manufacturing and services activity of an economy. A PMI value above 50 indicates expanding services and manufacturing and a value below 50 indicates a contraction of the same. Due to the quarantine and physical distancing measures, China’s PMI has decreased from 51.8 in January to a free fall of 26.5 in February, the lowest reading since the indicator was found.

The Eurozone and the US economies are still in the downfall with a huge hit to the services PMI. In Eurozone, for instance, the services PMI has disastrously fallen from levels of 52.6 in February to a never-before-seen figure of 28.4 in March.

Also, the trade momentum (imports plus exports) as measured by the Container Throughput index, which measures the traffic in the global ports, has reduced by approximately 10% since the breakout. The figure highly aligns with the subdued trading activity in the US-Pacific ports. The rising government bond yields are also a few of the many economic implications of COVID-19.


Pain points to touch

The future severity of the economic impact will largely depend on two factors - the duration of restrictions on the movement of people and economic activities in major economies; and the actual size and efficacy of fiscal responses to the crisis.

While the governments are trying to open the market at a reduced workforce and at 50% or less of total productivity, the idea is still under check. If the number of patients spikes sharply then everything could be brought to a standstill. AGAIN.

It is anticipated that only a well-designed fiscal stimulus package, prioritizing health spending to contain the spread of the virus and providing income support to households most affected by the pandemic would help to minimize the likelihood of a deep economic recession


Final Words:

The only positive from that situation is that pandemic struck countries are healing fast. China has already begun to open its economic activities. Countries like Italy have also started off their industries and football practices are under discussion in Spain.

At the same time, India is also aiming to open the economy slowly. Currently, there are plans to open the export of automobiles and auto parts as about 4-5 billion dollars are at risk.

Irrespective of the economic packages offered, the successful recovery from this dire the scenario will happen if and only if the citizens are responsible enough to stay Indoors as per the lockdown rules imposed by the respective government.

So, we urge people to stay indoors and take care of themselves as this is the only way to finally step outdoors without fear.

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