2020 Mid Year Review - Global Events that defined 1H2020
The first half of the year 2020 has been perhaps the most eventful six months in the past one decade, not only from the financial market perspective but from socially, economically and .geo politically also. Some of the key events of past six months which could have material long term impact on global socio-economic and geo political order could be listed as follows: The WHO declared COVID-19 outbreak as a pandemic. Over eight millions people across the world are infected and over 4,62,000 deaths have been reported till yesterday. Many countries enforced partial to total lockdown of all economic activities resulting in one of the deepest recession the global economy has faced in past 100years. The global economy is expected to contract by 4-6% in 2020. The central Bankers across the world announce massive monetary easing to mitigate the economic impact of the pandemic and engineer a economic revival. India has so far reported over 4,18,000 confirmed cases and over 1...