Question

How do you think net exports have been impacted by the Corona virus?

Answer 1

Ans:-The major economies of the world slipping into near-halt due to corona virous pandemic.The economies suggest that as a result of novel corona virus outbreaks the global flow of goods and services are upsetting largely.As per the report of the commerce department of US ,the trade deficit has been jumped through 11.6% which is the largest rise after December 2018.And US Gross Domestic Product declined at 4.8% which is the sharpest phase of decline in output since 2008.There where decreasing export of capital goods,export of motor vehicles and shipments of consumer goods and moreover export of services fell to it lowest level since 2011 because of novel coronavirus.