Because of the COVID-19 pandemic, the world economy is falling deeper and deeper every day. To avoid collapse, the governments initiate Universal Basic Income (UBI) plans. But the implementation of UBI has serious drawbacks. Therefore, countries should reinvent the Universal Basic Income approach to successfully overcome a Financial Crisis. Global economic collapse
According to the World Economic Outlook (WEO) forecast, global growth will be negative – 4.9 percent in 2020. Gross Domestic Products (GDP) of some countries will suffer more than average at the end of 2020. Italy: -9.1 %
France: -7.2 % Germany: -7.0 % USA: -5.9 % […]
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