The United Nations expected about 25 million people to lose their jobs due to Corona, revealing that up to 50 million jobs may be closed due to this epidemic widespread worldwide outbreak.
In this context, Gloria Guevara, CEO of the World Travel and Tourism Council, indicated that the Corona outbreak represents a serious threat to the travel and tourism industry, after canceling thousands of international flights, and some travel companies suspending travel insurance operations for new customers.
Many countries around the world launched a war on two fronts by fighting the spread of the virus through tightening restrictions on the movement of people and trying to stabilize the economies that were severely affected by those efforts.
The White House is seeking more than a trillion dollars to alleviate the financial implications of the sudden and massive changes in Corona's daily life.
Germany has pledged 600 billion dollars to help companies and individuals. while United Kingdom has allocated more than $420 billion to cope with the virus. The European Union also promised hundreds of billions to support the member states. Leaders in France, Spain, Italy and dozens of other countries have pledged to spend everything needed to overcome this crisis.
On the other hand, governments and central banks around the world have promised to use all financial and monetary policy tools to prevent the economic collapse, but the consecutive effects of closing the borders and the entire countries and asking people to stay home continue to expand.
Source (Al-Arabiya.net Website, Edited)
