Do you know what is the total gdp of the world? The total gdp of the world is 83.84 trillion US dollars. It is almost $4 trillion dollar less than in compared to 2019. The total wealth of the world is about $399.2 trillion dollars. Due to covid situation the biggest world economies had suffer from a big crash. The american oil market has gone into negative while lockdown in the world. That was the first time in the history that it goes to negative. Big economies such as United States, China, Japan, Germany, United Kingdom etc has very suffered from downgrades due to lockdown.
US which’s economy was already suffering because of Chinese giants had got down to bottom. China has also suffered from this because it was started country of that pandemic. But finally now the situation in china is under control but the other countries are until suffering from economic crisis. IMF and World Bank are providing loans to the developing countries which has economic crisis due to the pandemic. Hopefully this situation will be good after some time.