Which of the following factor has changed statistics of fastest growing economies of world in previous year in the most prominent way?Select one:a.Cold Warb.New World Orderc.COVID-19d.CPEC
Question
Which of the following factor has changed statistics of fastest growing economies of world in previous year in the most prominent way?Select one:a.Cold Warb.New World Orderc.COVID-19d.CPEC
Solution
The factor that has most prominently changed the statistics of the fastest growing economies of the world in the previous year is c. COVID-19.
Here's why:
a. Cold War - The Cold War ended in 1991, so it wouldn't have a direct impact on the economies in the previous year.
b. New World Order - This is a political concept and its impact on economies is not as direct or immediate as a global pandemic.
c. COVID-19 - The COVID-19 pandemic has had a significant impact on global economies. Many countries have gone into recession, and even those that haven't have seen slower growth. The pandemic has disrupted supply chains, forced businesses to close, and led to high unemployment rates.
d. CPEC - The China-Pakistan Economic Corridor (CPEC) is a collection of infrastructure projects that are under construction throughout Pakistan beginning in 2013. Originally valued at 62 billion as of 2020. While it's a significant development project, its impact is not as widespread or immediate as the COVID-19 pandemic.
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