This is not a writing assignment, this is a multiple-choice question The major global event in the year 2020 has been the Coronavirus pandemic. It has impacted our health, social lives, the economy and our outlook regarding the future, and our general feeling of security. Since economics is the primary focus of this class, let us focus on the economic impact of the Covid19 pandemic upon the U.S. and world economies.
This is not a writing assignment, this is a multiple-choice question
The major global event in the year 2020 has been the Coronavirus pandemic. It has impacted our health, social lives, the economy and our outlook regarding the future, and our general feeling of security. Since economics is the primary focus of this class, let us focus on the economic impact of the Covid19 pandemic upon the U.S. and world economies.
****************
Question:
These projections are: (Please select the CORRECT statement.)
Group of answer choices
The emerging markets and developing economies will go into a recession in 2020, but will rebound to an average annual real
The world economic growth rate may be expected to be around 3% per annum for the year 2021.
The advanced economies will go into a recession in the year 2020, but the real GDP growth will average at around 5.1% per annum for the year 2021.
Step by step
Solved in 2 steps