Question

What is the impact of the coronavirus on global banking finances

Answer 1

The impact of the coronavirus on global banking finances is huge as the most of the world economies are either on partial or full lockdown and temporarily suspended many of their economic and industrial activities. This pandemic showing adverse impact on global banking finances as lots on uncertainties are there for future scenario of the world economy. Most of the countries have put hold on their international trade or limited it to very essential commodities. Therefore global banking finances also have lessor business and badly impacted by the coronavirus pandemic.