Baskadia

The world is facing a number of challenges and issues today, ranging from the global economic crisis to the ongoing pandemic, climate change, and environmental degradation. This article will provide an overview of the most pressing current affairs of 2020.

COVID-19

The coronavirus pandemic has taken the world by storm, and it has had a devastating effect on the global economy, public health, and the way of life for billions of people around the world. The virus has spread rapidly, with more than 80 million people infected and over 1.8 million deaths reported as of December 2020. Governments have implemented various measures to contain the virus, including lockdowns, social distancing, and travel restrictions. Vaccines have been developed and are being administered in many countries, but the pandemic is still far from over.

Climate Change

Climate change is one of the most pressing environmental issues of our time. The world is already experiencing its effects, with rising temperatures and more extreme weather events, such as floods, droughts, and wildfires. The global average temperature has increased by 1.1°C since the pre-industrial era, and is expected to rise further if emissions continue to increase. To combat climate change, governments have adopted various policies, such as carbon pricing and renewable energy targets.

Economic Crisis

The global economy has been severely affected by the pandemic, with many countries experiencing a deep recession. The International Monetary Fund (IMF) has estimated that the global economy will shrink by 4.4% in 2020, the worst decline since the Great Depression. Governments have implemented various measures to support their economies, including fiscal stimulus packages, loan guarantees, and tax relief.