Goantifraud
The Great Lockdown - the new financial crisis of 2020
The Great Lockdown - the new financial crisis of 2020
10-Jul-2020 16:18

The Great Lockdown - the new financial crisis of 2020

corporate

The global economic crisis triggered by the COVID-19 pandemic was called the Great Lockdown by the IMF. According to estimates of the International Monetary Fund, the new crisis will affect about 170 countries: 90 percent of the world will be worse off with lower per capita income. According to the head of the IMF, we have never had such a truly global crisis as the one we face now.

The IMF also noted that the Great Lockdown is the most global financial crisis since the Great Depression. States are struggling with the pandemic by investing in health, while deliberately reducing production and consumption. After the coronavirus epidemic was declared a pandemic, many countries had to shut down businesses. This has never happened in history before.

What can we expect next?

According to the most optimistic forecast, the world will lose about $ 9 trillion over 2 years. This figure exceeds the GDP of Japan and Germany combined. If the pandemic turns out to be longer, GDP in 2020 will decrease by another 3%, and the economy will recover more slowly due to bankruptcies and unemployment. If there is a repeated outbreak of COVID-19 in 2021, global GDP will decline by another 5-8%. All this means that we will live worse for more than one year.

How to protect yourself?

What can ordinary people do, who lost their jobs in the crisis and will not be able to find one for a long time? The best way is to open your own business in an area that brings stable profits even in times of crisis. One of such areas is telecommunications, because people always make calls, and during quarantine even more than usual. Starting a business in VoIP termination, you will protect yourself and your family from the Great Lockdown, unemployment and currency depreciation, as you will receive a stable income in US dollars. To start, you need minimum investment.

Have questions about starting your business? Leave a request, and we will give you a free advice.

Start UP Light - $1300
If you purchase the START UP LIGHT package, you can get equipment at wholesale prices. Read more...
Start UP - $1900
If you purchase the START UP package, you can get equipment at wholesale prices. Read more...
DeLuxe - $5600
By purchasing the DELUXE package, you get equipment at wholesale prices. Read more...
DeLuxe Plus - $6700
By purchasing the DELUXE package, you get equipment at wholesale prices. Read more...
Ultimate - $10500
You are welcome to buy the ULTIMA package and get your equipment at wholesale prices. Read more...
corporate

Get free business advice

Get Consultation

Related Articles

GoAntiFraud

How to start a remote business from scratch

17 Jul 2020 06:36
After the beginning of quarantine, remote professions have become especially relevant, which allows earning money without visiting the office. Also, more and more people are thinking about opening their own online business that can generate income even in times of crisis and in case of quarantine. W...
GoAntiFraud

"Survivors": how people make money in a crisis

03 Aug 2020 10:58
The crisis caused by the COVID-19 pandemic has "gone" through everyone - both employees and business owners. But while some have given up or decided to wait through difficult times, others have found a new way to make money and, conversely, have accelerated. We have prepared for you several examples...
GoAntiFraud

Business opportunities after the COVID-19 pandemic

04 Jun 2020 13:58
During the coronavirus pandemic, businesses all around the world faced difficulties. The revenue of many enterprises decreased by 70-80%, debts increased, which entailed a reduction in staff and wages. Some enterprises had to close. How much will the business situation improve after quarantine? Def...
GoAntiFraud

3 main conclusions about the coronavirus crisis

07 Aug 2020 08:59
The crisis caused by the COVID-19 pandemic and quarantine measures is very different from all previous crises in history. Therefore, the conclusions that we decided to draw about the coronavirus crisis turned out to be non-standard. Why did we decide to draw these conclusions? Just because now, when...
GoAntiFraud

COVID-19 crisis: long-term consequences

02 Jul 2020 15:40
The economic crisis brought by the COVID-19 virus can have serious negative consequences not only in the short, but also in the long term. That is, we will be recovering from the pandemic for a long time yet; the long-term consequences will manifest themselves in different areas of our lives. Econom...
GoAntiFraud

COVID-19 and GSM termination: 5 reasons to start the business now

21 May 2020 13:59
You think that now is not the time to start any business? Afraid of losing your money during the quarantine and crisis caused by the pandemic? Think it's worth to wait for better times? In fact, you can’t imagine a better time to start a GSM termination business! We will tell you why. 5 reasons to ...
GoAntiFraud

Start of a remote business in GSM termination: 5 steps

27 Jul 2020 10:09
Your own remote business in our realities is an opportunity not to depend either on the crisis, or on the employer, or on quarantine restrictions. The ideal option is GSM termination business. It does not require clients’ visits – all business processes take place remotely, online. At the same time,...
GoAntiFraud

COVID-19 and business: life goes on

19 Jun 2020 06:22
Now that we are accustomed to quarantine realities, it is difficult for us to imagine that the world will be the same again. But in reality, life is already beginning to return to its former rut: we go for a walk in the parks, visit beauty salons, meet friends, someone returns to work in the office....

GoAntiFraud

GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud
GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud GoAntiFraud