| Popis: |
Today, Corona virus disease has destroyed not only the lives of millions of people all over the world but has also destroyed the fast-running world economy. In this crisis, where poor people are struggling for their livelihood, government institutions, the corporate sector, and private companies are also grappling. Not only developed countries but also developing and underdeveloped countries have been badly affected due to Covid-19. The financial condition of the underdeveloped countries is already very poor. Underdeveloped countries have a share of just 2% in the world GDP and 1 percent of the world trade. Fortyseven countries fall under the category of underdeveloped countries. Most of these countries are from Africa. Covid-19 effects became more visible on the world economy in the beginning of 2020. Export of these countries declined by 1.6 percent in 2019. This declined was more than that of the world economy i.e 1.2 percent. Although Covid-19 effected the economies of the all over the world yet least developed nations effected badly as compared to developed and developing nations. |
