Page 211 - Theoretical and Practical Interpretation of Investment Attractiveness

The best way to eat is to control your appetite. SOCRATES

5.3. COVID-19 pandemic and food security issues: causes and consequences

Today, scientists, analysts, politicians, government officials and members of the public
around the world are concerned about the socio-economic consequences of the coronavirus
pandemic that humanity is experiencing. eliminate a heated discussion began about ways to
achieve it.
Because coronavirus nearly half the world's population has been quarantined to prevent
it. As a result, large factories stopped and the transport and tourism industries stagnated.
Unemployment, the decline of financial markets, in a word, a parallel reduction in aggregate
demand and aggregate supply in the world indicate that a “unique” economic crisis is
beginning. In turn, it is no secret that the corona virus is not only a biological virus, but also
an economic virus. Even today, many are already feeling its blows. Consequently, the world
is stuck between two herbs related to overcoming the biological virus and the economic virus.
Experts from the World Health Organization warn that "this disease has not yet reached
its peak. We must be prepared for various emergency situations. It is too early to ease
quarantine measures," and Bloomberg stated that the total damage to the global economy due
to the pandemic in two years will be 5 trillion. notes that the US dollar is at risk of falling into
a deep depression for the first time in the world.
Executive Director of the International Monetary Fund (IMF). Crystal Georgieva said
2020 will be a year of sharp economic contraction, with 170 countries expected to experience
negative economic growth per capita. Even in 2021, the global economic recovery remains in
serious doubt. Against the crisis of the country of the world 8 trillion Fiscal and monetary
measures equivalent to the US dollar were introduced. According to him, the scale of the
expected global economic downturn has not been observed since the 30s of the last century.
Currently, to mitigate the damage to the global economy, the IMF 1 trillion in dollar
terms "security" pillow". It is difficult to estimate how much damage the global economy will
suffer until the coronavirus pandemic reaches its peak. But it is clear that the pressure of the
crisis on the economy will be high and 3-4 years will be lost for its recovery.
Also, according to new forecasts published by the International Monetary Fund for
2020, the global economy is expected to contract by 3% this year as a result of the pandemic
in its base case scenario. This is 6.3 percentage points lower than the forecast announced in
January of this year. If the fight against the virus drags on and lockdowns continue into the
second half of the year, they fear the global economy could shrink by 6 percent.
Experts from international organizations and influential analysts have confirmed that a
recession in the global economy is inevitable due to the COVID-19 pandemic and They claim
that this recession is the “mother” of all recessions in world history.
No matter how much humanity advances and claims dominion over the world, it will
face a test from the Creator. Anyway weak. On top of that, he is helpless in the face of an
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