Currently, the whole world is going through a pandemic which is affecting the economies of all these nations and the world economy is falling. International trade and foreign investments have come to a hault. Reports have shown that this pandemic would lead the world into a situation which would be worse than the Financial Crisis of 2008. In the short term, both exportation and importation would be affected badly. The exports and imports of all the affected nations are not showing any sign of recovery and there are chances that these trade conditions would remain the same in near term. Many parts of the world are in complete lockdown due to which the global economy is declining at a very fast pace. Moreover, the economy is expected to get stable and come to its natural level in the long term.
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