The United Nations announced that the world has entered a recession, and proposed to extend the support policy for enterprises to return to work

Novel coronavirus pneumonia cases were diagnosed at 856955 on April 1st at 7:14 in Beijing, and 42081 cases were fatal, according to the latest statistics released by Johns Hopkins University.

The United Nations announces that the world has entered a recession
On March 31 local time, United Nations Secretary General Guterres released a report entitled “shared responsibility, global solidarity: responding to the socio-economic impact of the new coronavirus”, and called on everyone to act together to address the negative impact of the crisis and reduce the impact on people.
Guterres said that the new coronavirus is the biggest test we have faced since the founding of the United Nations. This human crisis requires concerted, decisive, inclusive and innovative policy action from major global economies, as well as maximum financial and technical support for the most vulnerable people and countries.
He also said that the International Monetary Fund reassessed its economic growth prospects for 2020 and 2021, declaring that the world has entered a recession, as bad or worse than 2009. As a result, the report calls for the response to be at least 10% of global GDP.
“Under the covering of the nest, there is no end of the egg.”
In today’s economic globalization, every country is a part of the global industrial chain, and no one can be alone.
At present, 60 countries around the world have declared a state of emergency affected by the epidemic. Many countries have taken such extraordinary measures as closing cities and closing down production, restricting business travel, suspending visa services, and almost all countries have taken entry restrictions. Even when the financial crisis was most difficult in 2008, even in World War II, it never happened.
Some people also compare this global anti epidemic war to “the Third World War” after World War I and World War II. However, this is not a war between humans, but a war between all humans and viruses. The impact and destruction of this epidemic on the whole world may exceed the expectation and imagination of people on earth!

It is suggested to extend the support policy for enterprises to return to work
In this situation, the economic activities of various countries have been stagnated, cross-border commodity transactions and movements have been greatly impacted, the international trade field has become a disaster area of epidemic damage, and the import and export of stone enterprises are facing unprecedented severe challenges.
Therefore, it is suggested that the government extend the implementation period of the support policy for enterprises’ resumption of work and production, which has been issued in the first quarter of this year, from 3-6 months to 1 year, and further expand the coverage; increase the scope of tax relief and reduce the financing cost; effectively use preferential credit, loan guarantee and export credit insurance and other policy means to ensure the normal business activities of enterprises and reduce the cost of enterprises; Increase labor vocational training expenditure, provide necessary financial support for employee training during the period when the enterprise is waiting for production; provide necessary employee life relief for enterprises facing unemployment and hidden unemployment risks to stabilize employment, and create a more favorable policy environment for the realization of the favorable trade situation throughout the year.
China’s economy has gone through the test of the international financial crisis in 2008. This time, we should also have firm confidence and determination. With the cooperation and joint efforts of all countries, the epidemic will eventually pass. As long as we can persist in the victory of global anti epidemic, the economic recovery will bring more development opportunities and space for stone enterprises.