[Transworldnews] New York, NY, 15 April, 2020 The economic consequences of the international Covid-19 “Lockdowns” have been catastrophic. The effect of highly interconnected and inter-dependent globalised businesses simultaneously shutting down has produced a Global Ripple Effect. Multiple ripples are expanding outwards from various centers – their effects magnified as they collide with each other across countries and industries worldwide. In the US, the loss of jobs from bankruptcies and closures saw unemployment soar by 10 million in just three weeks – former Fed Chair Janet Yellan predicting that unemployment might reach 21% in the US. In the UK, Oxford University projects job losses of 30%, and up to 50% of workers struggling to pay their bills. Predictions for GDP loss in developed countries vary from a staggering 15% to an incomprehensible 40%, while for developing countries, the UN’s WTO, WHO and FAO have warned that food shortages could arise due to collapsing Global Supply Chains. It‘s not just household names and established businesses that are falling like dominoes. “New Economy” favorites such as AirB&B and Uber are scrambling to raise capital or shore up capital reserves as revenues disappear. Similarly, major Investors like Softbank predict that up to 15 of   Read more…