The changing global economic scene makes it tricky to stay updated on the trends and shifts constantly occurring in the field of economics nowadays.The present hot topic, in discussions revolves around the effects of the trade tensions, between the United States and China on a worldwide scale.

The ongoing trade dispute, between the two economies has been lasting for quite some time now. Both nations have been imposing tariffs on each others products to try and outperform one another economically. These tariffs have caused prices to rise for both businesses and consumers alike leading to a decrease in trade activities and economic expansion. There is growing worry, among experts that this trade conflict might intensify more and potentially trigger an economic downturn.

Another important subject, in discussions is the influence of the COVID 19 crisis on the economy. The pandemic has brought about disturbances to supply chains which have resulted in scarcities of products and services across sectors. Moreover the restrictions enforced by governments globally have led to a decrease, in consumer expenditure intensifying the recession further.

Governments worldwide have taken steps to address the repercussions of the pandemic by enacting measures, like decreasing interest rates and introducing programs for easing. Nonetheless the efficacy of these steps is still, in question as the process of recuperation is foreseen to be gradual and inconsistent.

In human text, in English Begin