Blog / Business / Crisis

Stock Market Turbulence – Crisis Challenges World Economy

  • Rating — 5 (2 votes)
  • by Igor Zviagin
  • Updated on June 18, 2020
  • Read —
    3-4 minutes

There are bad news but there are also good news. The bad news is that world economy has suffered and continues to suffer terribly as a consequence of World Pandemic. Dow Jones index and stock market valuations of big companies like Apple went down for the most part of March, 2020. Let’s further discuss what is the price of Coronavirus for the world economy. Because there are good news too!

Dow Jones Index Hit Record Low

On March 11 Dow Jones Index closed at 23.553 which was down 20.3% from the February, 12 high. That is a ? drop, the worst since 1987 Black Friday and Great Depression. 

The worldwide halt of industrial production and most of business operations signaled international economy crisis. Without strong government support unemployment may rise and many small to middle business operations might close down. 

This is a very turbulent time for digital commerce but the one with a lot of opportunities too. Remember that tech renaissance, the iPhone, and the apps all started after the 2008 FInancial Crisis. Perhaps, now is the best time to act. Even though we all will experience the financial winter of the stand-by and slow-down of heavy industries and many smaller ones, we should stay focused in this time of struggle. 

Stocks Start to Go Up on March, 25

Stock market reacted positively on the deal reached by US Senate on a $2 trln Corona-relief stimulus package for every citizen (to get $1200) and most of the businesses in America to receive and survive the recession. As of today, we can see an upward tendency as the consequences of this affirmative action, even in the epicenter of the crisis that is Coronavirus Pandemic. 

To control the damage European Union is yet to adopt a collaborative approach in order to safeguard the economy, most of which is now on worldwide standby. China is a good examples as it was reported today how slowly but surely Chinese population starts to get back to normal life. Many Chinese residents already go to work and cinema. 

But the Chinese economy is also in danger of worldwide effects brought by how other countries deal with Covid-19 outbreaks. For now, the pandemic has caused many forecasters to talk about full-blown recession and inflation. Add to this just recent oil war between Russia and Saudi Arabia and you get an ongoing disaster unfolding on the international finance market.

How to Overcome It

To survive your business must cut down the costs and deploy online mode of work if possible. Most on-demand delivery services and digital commerce platforms work full-time now as people get bored, sitting at home all the time. Now is the time to strategize. You may also consider providing your services digitally or, if that is impossible, make a pause and leave for a 2-week. Whatever you do, don’t panic. Just think about how China already faces aftermath of it all, since fo Chinese people Covid-19 is in the past. Most of the world will come out of the turbulence around the beginning of summer.     


As we can see, there are crisis effects all over. But there are also good news like the end of the epidemic in China, the actions of US government, and worldwide quarantive measure. Some forecasters claim that with pleasurable circumstance the effect of coronavirus pandemic on the world economy should be a thing of the past byt the end of the year. Well, at least panic did not lead to massive outbreaks of violence or critical food shortages. Most countries and cities will hold and economy will start getting back on track earlier than this summer. Stay safe and be healthy, good luck!

Want more finance news?

Igor Zviagin I'm a tech journalist and market analyst. Software development, apps, tech trends, and digital innovations are all among my interests. Why? Simply, because it's the future. You can have more of that future in my blog entries. I have 5+ years of experience in online journalism and blogging but I've been a tech enthusiasts and even something of a geek my whole life. It is my pleasure to share with you the knowledge I have. Reading my articles, you can be sure to find expert opinions of senior developers, market tendencies, design tips, and info on outsourcing, business industries or specific Web and Mobile projects.

Leave a comment

Leave a Reply

Related services


All articles Business Company News Marketing Tips StartUp App Ideas Tech UI and Design

People are talking about

You've got
a project in mind

What's next?

Send us a message with a brief description of your project.
Our expert team will review it and get back to you within one business day with free consultation and next steps.


Nothing can be better than getting a review from our happy clients
who recommend us and trust us their business.

I think they do great work. I haven’t yet given them something that they were unable to do. Great
GBKSOFT’s performance has been very strong. We've referred them twice, which says all anyone needs to know about them. A referral is the ultimate signal we can give that these guys are great. Strong
More good work from team GBKSOFT. All well executed. The support within GBKSOFT is excellent. Communication is good too, spoken English as well as written. Support
Gireesh, USA
One word...EXCELLENT.
Very well thought out and articulate communication. Clear milestones, deadlines and fast work.Patience. Infinite patience. No shortcuts. Even if the client is being careless (me). The best part...always solving problems with great original ideas, especially with this strange project where we are making up new words every day!
My Project with GBKSOFT gave me the ability to develop my software while keeping a busy schedule. Ana, who was my project manager, was very professional and was always understanding of my vision and what I wanted. I would recommend GBKSOFT again to any other company or person who has a vision for their web application. Thank you GBKSOFT! Recommend
They write clean code, adhere to deadlines, and communicate extremely well. I strongly recommend anyone from the GBKSOFT agency and hope to work with them again myself. Clean Code
I’ve been using GBK Soft for the past 3 years and they have been great. Communication is unparalleled to other app development companies. I’ve continued to return to them to improve my iOS app countless times and I will continue to do so in the future. I highly recommend this company! Improve
They proved to be very good and they’re very reliable as well. They are quite conscientious. They will go the extra yard to make sure we're happy. Reliable
GBKSOFT did a good job to manage the project. They put in a good effort to communicate with us and make it easier for us to communicate with developers. Good Job