Now the third wave recession? .

The intensity of the second wave of Corona seems to be decreasing. Corona cases are decreasing, Covid centers are shutting down, Covid wards of the hospital are completely empty, there is no shortage of oxygen and there is no black marketing of medicines. Public life is being restored to its former glory and public commotion has subsided. The families who lost their loved ones in the second deadly wave of Corona are undoubtedly sad, but there is also an assurance that a difficult period like April-May will no longer be seen.

 

But the invisible fear of the third wave of Corona is prevalent in the cities. Especially parents of young children are scared of a possible third wave of the corona. There is only one question in everyone's mind that will the third wave of Corona come? If so, who will be the victims? Would that be more lethal than the second wave?

 

People have bravely fought the corona epidemic. Accepting the lockdown, people considered it appropriate to stay at home for the safety of themselves and the society. But as soon as one lockdown came after another, people started getting wrinkles on their foreheads as another lockdown was announced.

 

The thrill of staying at home was over, and job-business worries were on the rise. Yet till last year, Corona was under control. The situation in America was worse. Then the situation started deteriorating and in February this year, the new mutant of Corona started crying.

 

After passing through the second wave of torture, the question arises whether the third wave of corona will come or not. Many experts, doctors and some members of the World Health Organization say that there is a possibility of a third wave of corona and if it happens then it will be very harmful.

 

It is not to be afraid of knowing but to read the word 'if' in the next sentence. If the third wave of corona comes. It's an if and then game - does it even mean if the third wave of corona doesn't come?

 

A possibility is being considered that there may not be a third wave of corona. There are some solid reasons behind the negligible probability of a third wave. The Indian government took a very wise decision and stopped exporting the vaccine.

 

Many other pharma companies have also started making vaccines. One dose vaccine is also coming and Nasal Nasal Vaccine will also come. Some pharma companies have also promised to launch medicines that reduce the effect of corona in the market.

 

With the increase in the number of people receiving vaccines on a daily basis, the reduction in the number of corona cases, the arrival of new drugs and new vaccines, the third wave of corona seems to be stopping. But the if-and-then-principle applies here as well. To protect against corona, mask and physical distance will not only be necessary but it will also be mandatory. If left unmanaged, they can go astray and lose the correct route.

Earthquake tremors, rising cases of corona, markets swinging between lockdown and unlock and the potential dangers of the third wave have plagued people. The increasing tension in the minds of the market and the public due to the economic crisis is evident. In countries where the economic condition was weak, the lockdown imposed due to Corona has made the situation worse. Now the world is starting to take stock of the damage caused by Corona.

Each country is weighing its own present, and it is surprising that the scales on either side of Toy Bay remain empty. A few days ago the World Bank released a report called Global Economic Prospects. It evaluates the world economy from a multidimensional perspective. According to the report, the world economy will continue to decline due to the lockdown.

The report marks the biggest recession since World War II. In 1929, the US stock market collapsed and millions of Americans fell asleep on the sidewalk. We are not far from that situation. Next year, ie. In 1930, the tide of economic recession returned in the world.

According to the World Bank report, the current recession will be worse than the global recession of 1930. No country can escape economic crisis.

No one thought that the corona virus could do so much damage. It would be a mistake to consider the World Bank report untenable.

Reputable agencies such as Goldman Sachs and Nomura have independently done the same thing as the World Bank. Putting these figures and reports aside, the picture is clear that the recession has engulfed every sector except the agriculture sector.

The impact of an economic downturn can be devastating. Many companies in all sectors will be closed and unemployment of many people will increase.

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