Inflation due to COVID-19 and how it's impacting people

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Avatar for FARRUKH
4 years ago

In the world full of busy peoples where people are more addicted to their work and were so busy that they couldn't have time for their family too to the current time where every country is closed in heavy lockdown. I believe no one would have imagined about this time that we all will go to a lockdown in 2020.

We all were expecting good things to come in 2020 but unfortunately, we are in quarantine due to lockdown. Due to lock down all of us are their houses and having precious time with their families but what about the poor who mostly earns on daily wages from hand to mouth. They all must be expecting this tough time to be supported by there government and peoples.

Today, all of the work is closed and not a single corporation is working to earn money due to that they are firing peoples from their works. In this pandemic majority of people are fired from there designations because organizations have no work. Due to this reason, the inflation rate for every country has increased. And the economies worldwide are affected by it. Remember we can grow the economy but we can't get a life so have patience in this pandemic as everything will be good soon.

Higher inflation rate means people are unemployed and when unemployment increases it affects the economy badly. And when economy declines it affects country. This is the time people should know that patience is the only thing we can do because nothing lasts forever. Things will change with the passage of time. If good times didn't stay forever then bad times won't be the same too.

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