Economic Crisis

The Corona Crash in March 2020 significantly impacted the global economy, with many businesses forced to shut down and millions of people losing their jobs. Looking back, the stock market experienced a sharp decline, and many industries, including travel, hospitality, and entertainment, were hit hard. The pandemic caused a decrease in consumer spending, as people were either unable or unwilling to leave their homes. This led to a reduction in demand for goods and services, which in turn caused many businesses to suffer. The unemployment rate skyrocketed, and many people struggled to make ends meet. Financial Markets adjust to Corona-Crisis […]