The US congressional report reveals that foreign investment from Asian countries is moving heavily in fear of corona. According to the report, foreign investment inflows from India amounted to $ 16 billion (about Rs 1.3 lakh crore). A total of $ 26 billion in foreign investment reported in the Asian region. As a result of this situation, there is concern that Asian countries are likely to get caught up in a huge financial burden. Foreign investment in India will be playing an important role in this situation.
The report makes clear that Corona’s impact on the economies of European countries is huge. In addition, over three billion people have lost their jobs in Germany, France, Britain, and Italy and applied for government assistance. In the first quarter of 2020, the size of the eurozone economy fell by 3.8%.
On the other hand, the report makes clear that the US economy is also experiencing severe fluctuations. US gross domestic product (GDP) fell nearly 4.8 percent in the first quarter of this year. This is the first time GDP has fallen at this level since the 2008 financial crisis.
The Corona crisis poses a major challenge to countries worldwide, and governments are struggling to balance between coronary measures and economic stimulus. The report concludes that diplomatic relations between the countries of the world are also under pressure.