Things are changing rapidly and will bring paradigm shift in how countries trade or do #business these days. #Exports will see a major slide for big exporting countries. Worst hit will be luxury items, high end substitutes and non essential items. At grassroot level people won't have purchasing power and countries won't have spending power. World will be on a slow start, I can see eminent job losses globally, panic in the #sharemarkets and countries looking for money from #WorldBank.
I believe #Globalpolitics needs to be carefully watched as many ups and downs in global relationships are visible right now and hardening of their positions can lead to worst global situation. Someone needs to step down to bring temperatures down as it will increase day by day in my point of view. #china has to take the ire of the world how it handled Wuhan Virus namely COVID-19 and work with a totally changed world.
Free trade might take hit for few initial decades. If #US and #Europe are going to go inward who will buy from outside. It's an opportunity for countries like #india to come out of #wto burden and look inward for growth for sometime. All the #southasia countries will find it difficult to find market for their produce around the globe.
I believe #Globalpolitics needs to be carefully watched as many ups and downs in global relationships are visible right now and hardening of their positions can lead to worst global situation. Someone needs to step down to bring temperatures down as it will increase day by day in my point of view. #china has to take the ire of the world how it handled Wuhan Virus namely COVID-19 and work with a totally changed world.
Free trade might take hit for few initial decades. If #US and #Europe are going to go inward who will buy from outside. It's an opportunity for countries like #india to come out of #wto burden and look inward for growth for sometime. All the #southasia countries will find it difficult to find market for their produce around the globe.
