Compare finance worldwide
The graph above compares the number of COVID-19 cases, deaths and recovered patients in the top 10 GDP countries worldwide, as of the 15th of February 2021. At the time of writing, the USA has had more than 29 Million cases and half a million deaths, which is more than 100 times higher than the death figure reported by China, India, who had taken over the UK’s spot as the 5th largest economy in the world in 2019, is another country which has been badly affected by the pandemic. With 10,919,616 cases and 155,789 deaths, their economy has taken a hit and slipped behind, and are now not due to take back their place until 2024.Generally, East and South East Asia have been praised for their approach to handling the pandemic and getting it under control more successfully than the rest of the world. Many people put this down to their previous experience with the SARS outbreak between 2002 and 2004. However, consistent advice, swift action and stricter government intervention also played a role. Whatever the reason, experts predict that the many Asian countries who were able to return to normal more quickly will have a financial advantage over the parts of the world that were not. https://financer.com/ The fate of the economy in 2021 will also determine the long-term economic outlook. Right now, we will argue that the optimistic scenario seems more likely, but a negative reversal is also into play. Will Europe’s Next Generation EU and Biden’s economic policies succeed in stabilizing the global economy and set the world on track for a brighter and more sustainable future? Will Asian economies gain ground in trade and technological innovation and set the foundations to become the dominant forces in the global scene?
