WORST YET TO COME
As the COVID19 has been declared Pandemic by the World Health Organization, till now 7074 deaths have been confirmed out of 179073 cases worldwide and are still increased at an unpredicted rate. Most of the stock markets have crashed, the NASDAQ composite ended down 12.3%, S&P 500 finished down nearly 12%, Its worst day since 1987. SENSEX plunges 1800 points NIFTY below 9500. Selling was so extreme that the trading on the New York Stock exchange was halted for 15 minutes. It was the third time in history such a circuit breaker was triggered. On the other side, organizations are facing several challenges, the economic policymakers are deploying their crisis policies with the worst yet to come. Yes, the priority is to get the public health response right and the only way is to limit both human and economic costs. But the economic threat posed by COVID 19 is extremely serious and the response needs to be correct the result of which will be a deep economic crisis around the glo...