What are the methods of modern education to build an educated generation?

 How does Corona affect the economy?

Most countries of the world dealt with the beginning of the emergence of the emerging coronavirus, Covid-19, at the beginning of this year as something that does not deserve exceptional measures, especially if it is compared with previous waves of coronaviruses; SARS in 2002 and MERS in 2012, but the new Coronavirus quickly demonstrated a great ability to spread rapidly between countries and within societies, and an unexpected superiority over its family members.

It can be said that some governments and people’s disregard for the seriousness of the Coronavirus made them miss the opportunity to isolate and early social distancing, which was directly reflected in the way the epidemic spread, the way to deal with it, and the impact of all this on the economy.

Briefly; The policy of social distancing and isolation, which is all that countries have today to fight Corona; is the main cause of the economic crisis that the world is experiencing today due to the cessation of economic activity, the disruption of production, and the cessation of the flow of goods and individuals.

 It is believed that the delay in the isolation measures in some countries was and will be a cause for more severe effects on the economy when these countries are forced to close cities and stop life outside the homes for a period longer.

On the other hand, the global economy is facing a new crisis of its kind that it has not experienced even in the worst crises that we know, and perhaps the worst of the Corona crisis is that we cannot build logical and clear expectations even in the short term, as the behaviour of the virus is not accurately understood, and the reactions of people, populations and governments are not Understandable and almost impossible to predict.

Corona’s impact on the world economy

what we mentioned; It is difficult to predict the long-term effects of the Corona epidemic on the economy of countries or on the global economy, but we can trace the current effects that the spread of Corona has had on the world economy so far and the near-term expectations of the emerging Corona crisis as follows:

• Low GDP growth and contraction: In a report published by global consulting firm Roland Berger at the end of March 2020, the report predicted a decline in global GDP growth by between 3.1 and 5.2 percentage points, with China's GDP falling between 1.9 and 3.3 per cent points, depending on the duration of the economic turmoil, while the report expected a decrease in GDP growth in the United States between 4.2 and 7.1 percentage points - a contraction - and a decrease in GDP growth for Europe by 3.4 and 5.8 percentage points, and these numbers do not reflect the worst scenario that could Get!.

• Decreased global demand: Decrease in demand is one of the biggest challenges faced by industrialized countries such as China, as demand for Chinese cars, for example, decreased by about 86% in February 2020, we can see similar percentages in various industries and economic sectors, where the decline in demand is due to Movement disruption and stopping the flow of goods and people on one side; And the decline in income levels and the increase in unemployment rates on the other hand.  Expectations indicate that the demand for non-essential goods will witness a continuous decline until the end of the crisis and the start of the recovery period.

• Investment faltered: Under the conditions of uncertainty and uncertainty experienced by investors today; There are expectations of investment stumbling around the world and companies' reluctance to enter into new investments with high risks, and the conditions of uncertainty and loss of predictive ability for companies, governments, and even individuals would multiply the economic risks of the spread of the new Corona epidemic.

• Mortgage and debt crisis: The global economy is expected to witness a severe crisis as a result of defaulting on debt payments, loans, and the fulfilment of mortgages, a crisis similar to the global financial crisis in 2008, but it is expected to be more severe, harsh and long-term, not only at the level of individuals and companies, but countries will lag The city pays off its debts.

• Sectors threatened with collapse: most notably the aviation sector, which received a concentrated blow by cancelling reservations and stopping air traffic in most of the world’s airports, which threatens the giants of the aviation industry with a stifling crisis, in addition to the tourism sector and related restaurant and hotel services, and certainly the banks will face a stifling crisis whose results cannot be predicted final.

Unemployment due to Corona

Every day, new people join the category of the unemployed due to the repercussions of the Corona crisis, and the world is expected to witness the largest unemployment rate in modern history!

In the United States of America alone, it is believed that the number of the unemployed will triple at least, and the US government has allocated a special budget to support those affected by unemployment due to the Corona crisis, and in early April, it recorded more than 6.6 million requests for unemployment benefits.

This comes after about 95% of Americans were placed in some form of work stoppage and quarantine, and more than 80% of the sectors in the country were disrupted, prompting the US government to raise unemployment compensation to 600 dollars.

This increase in the unemployment rate will not be in the United States only but will be a global phenomenon represented by a decline in job opportunities, disruption of daily employment, bankruptcy, and closure of a large number of institutions, companies, and factories.

 It is believed so far that per capita income will decrease by 20% even for workers, at least.

The global poverty rate is really high.

Despite the varying impact of the Corona crisis on the economies of countries; However, poor countries will be most affected by the economic crisis that the world is witnessing in light of the spread of the Corona Covid-19 epidemic, as research has warned that the poorest countries in Africa will be most affected by the Corona economic crisis, and experts believe that the worst scenarios expected in large countries are not at a catastrophic level. Poor countries will witness it!

when the highest poverty line was 5.5 US dollars per day; More than 548 million people will have their daily income drop below this limit, which means that more than half a billion people will fall into poverty at an income rate ranging between less than $1.9 and less than $5.5 per day, prompting Oxfam International to warn From the seriousness of the economic situation in the poorest countries, where it is expected that the global poverty clock will be turned back thirty years, and all efforts to combat poverty made in the past three decades will evaporate!

Post-Coronavirus world economy

The difficult conditions that the world is going through are not only a result of the conditions of the emerging corona and the spread of the epidemic; Rather, the world today is experiencing exceptional circumstances of reconfiguring economic and political concepts and the roles of states in leading the world.

 Experts point out that the conditions we are going through today may lead to a fateful war between the United States of America and China, which heralds the end of the era of American hegemony that lasted nearly nine decades.

At the head of predicting the next big changes in the global system is the Palestinian thinker and businessman Talal Abu Ghazaleh, who believes that the struggle for world leadership is at its height between China and America and that the Corona crisis came to double the pressure on the global economic system, which made the development of this conflict faster and may not end Except for a third world war!

Abu-Ghazaleh adds: When this crisis ends - the Corona crisis - and that is not before a year from now, we will find the world economically devastated, and the problem will not end with the preservation of lives and the siege of disease, but countries must prepare to face the economic crisis.

Observers also expect that the Corona epidemic crisis may be the last nail in the coffin of the European Union, as the European Union countries will not be able to maintain their bloc after the health and economic storm that struck them, especially with the inability of the European Union to support each other.