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3 pages single spaced

Date Posted: 09/11/2020
Category: Economics
Due Date: 10/11/2020
Instruction
nstruction (including Title page, bibliography, graphs, tables etc.). in Times New Roman, font size 12 following the APA style with 1-inch margin on all sides. Don’t forget to include a title page at the beginning and a bibliography at the end of your paper. Discuss the issue in your paper as an economist. Upload your paper as MS Word document on Blackboard. Grading Rubric: Title 5 points Page numbering 5 points Correct labeling of Figures, Tables (Including source) 5 points Content 20 points Bibliography 5 points Topic 1: The pandemic has caused the world’s economies to diverge In February the coronavirus pandemic struck the world economy with the biggest shock since the second world war. Lockdowns and a slump in consumer spending led to a labour-market implosion in which the equivalent of nearly 500m full-time jobs disappeared almost overnight. World trade shuddered as factories shut down and countries closed their borders. An even deeper economic catastrophe was avoided thanks only to unprecedented interventions in financial markets by central banks, government aid to workers and failing firms, and the expansion of budget deficits to near-wartime levels. World economists are of the opinion that it will defy the convergence hypothesis and economies will diverge in growth. Conduct research to validate this divergence. Use this website https://www.economist.com/leaders/2020/10/08/the-pandemic-has-caused-the-worldseconomies-to-diverge
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