This is the English news article we have used for the discussion.
Brief summary: This news article talks about the greatest pandemic of all, “COVID-19,” and its effects on the economy of the world. This news article gives statistics about the effects of COVID-19 on the stock market, employment rates, aggregates of the economy, and other major areas.
Two economic concepts: recession and unemployment.
Recession: the recession is the situation in which the economy of the country degrades, and there is less or no economic activity in the country. During this pandemic, all the economic activities around the world have come to a pause, and businesses of many businessmen have shut down due to a decrease in profits. As a result, many economies of the world are facing a recession.
Unemployment: unemployment is a situation where capable people are not able to get jobs and remain unemployed. Due to COVID-19, many people have lost their jobs due to no work and shut down of many business organizations.
Suggestion to improve the current situation: The fight with COVID-19 can be overcome by the constant efforts of all the economies in the world. All the countries should aim to re-opening their economic activities with safety precautions. Overcoming recession is a gradual process, and with constant efforts of countries, this situation can be beaten.