The globalized, industrialized, and incessantly-driven economic world that we live in is similar to an amateur riding a bicycle. The moment he bears a shock, there is a genuine fear of halting down and falling off the ridge. The COVID-19 Pandemic is fast-emerging as the greatest shock of our times to the world economy.
by Siddharth
Graduate Fellow Writer
With curfews enforced by governments to save lives and ceasing of the economic activity, a recession has already begun. It is no wonder that every single indicator of economic activity is heading southward. Industries have closed down, roads are empty, flights are being canceled, and small-businesses are crashing. Even large corporations have begun to bleed. There are genuine doubts about when things will start to become normal again. As companies have started to layoff employees and roll back on hiring, this is the worst time to graduate from college for those entering the job market.
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