The apprehensiveness of millions of people being unemployed due to the Coronavirus epidemic crisis

Due to the mistake of the leftist government of China, the problem of two times food before the crores of people

APRIL 30 (WTN) - Coronavirus infection disease to have originated and spread from Wuhan city of China is the biggest crisis facing human civilization at the moment. Due to the mistake, negligence, and irresponsible attitude of the Chinese leftist government, the Coronavirus infection disease (COVID-19) has killed around 2,28,251 people all over the world so far. Let you know that 61,669 people have died due to the Coronavirus diseases in the world's largest economy America.

As you know, the Coronavirus disease is a disease of infection. For the same reason that the Coronavirus infection could not spread, most countries have a lockdown situation. It is natural that economic activity is banned due to the lockdown. Companies such as hotels, tourism, and airlines are suffering the most during the lockdown. At the same time, industries and IT companies are also losing due to the lockdown. But because of all this, the danger of unemployment of crores of people all over the world has started looming.

Yes, for your information, let's know that due to the Coronavirus epidemic crisis, the labor unit of the United Nations has feared that between April and June, about 30.5 million people could lose their full-time job in just three months. 

Explain that the organization had predicted in the previous forecast that the epidemic could result in the loss of 19.5 million full-time jobs in an average 48-hour working period every week in the June quarter. In this regard, the organization says that the lockdown is underway in many countries around the world to control the Coronavirus infection epidemic, and it is expected to be further extended. In such a situation, millions of people from all over the world could lose their full-time job.

Based on the data, the organization has said that 1.6 billion workers of the informal sector are in danger of losing their jobs due to this epidemic. If this happens, crores of people will have to face  trouble for the two time food a day. And by the time the Coronavirus epidemic ends, crores of people will be mentally and physically weak.

Every country in the world has been surviving from the Coronavirus infection epidemic. From the world's largest economy America to the poorest countries of Africa, the Coronavirus infection epidemic has spread everywhere. As far as the US is concerned, for your information, let's know that during the January-March quarter, the GDP growth rate of the US has come down negative. Yes, the GDP growth rate in the US currently stands at -4.8 percent.

According to the International Monterrey Fund itself, due to the Coronavirus epidemic, the entire world must be prepared to face the terrible economic conditions of the Great Depression of the 1930s. According to economy experts, the figures of the April-June quarter of the economies of countries around the world may become worse due to the lockdown continuing.

However, as far as India is concerned, the devastation of the Coronavirus infection in India is comparatively less than other countries of the world. The unemployment rate has declined after being given partial exemption during the lockdown in India due to the considerable control over the Corona virus infection. In the quarter ended April 26, the unemployment rate has been recorded slow as the pace of controlled activity in some places and economic activity in rural areas after the Rabi harvest.

For your information, let us know that during the quarter ended April 26, the unemployment rate in India declined by 21.05 percent. Earlier, it was 26.19 percent till April 19. It remains to be seen how long the Coronavirus epidemic can be controlled, and how long economic activity once again gains momentum. But by the time this happens, crores of people will have been unemployed all over the world.