The so-called ―Covid-19‖ shock will trigger a recession in some 
countries and a deceleration of global annual growth to below 2.5 
per cent -- often taken as the recessionary threshold for the world 
economy. The on-going spread of the new coronavirus has 
become one of the biggest threats to the global economy and 
financial markets. It has become the biggest threat to global 
economy. The major bad impacts of Corona virus outbreak are 
slowdown in economic growth, slowdown in manufacturing 
activity, contraction in services activity, declining oil prices, sell 
off in stock markets, far fewer flights and rise in unemployment.
The so-called "Covid-19" shock will lead to stagnation in some 
countries and a slowdown in global annual growth to less than 
2.5 percent -- often considered the threshold of stagnation for the 
global economy. The continued spread of the new coronavirus 
has become one of the greatest threats to the global economy and 
financial markets. It has become the greatest threat to the world 
economy.