A global recession is a temporary economic decline in the trade and industrial activity that affects many countries around the world.
It is a period of global economic slowdown or down turn of economic output which is generally identified by the fall in the GDP in the successive quarters.
Many companies, enterprises and entrepreneurs due to the corona virus Covid 19' pandemic are now suspending all economic operations .
However, currently (April 2020) the economic growth is decelerating in many countries.
The Global Economy
The current estimates has shown that in 2020, the global economic will perhaps slow down its increase in several percent compared to the previous year.
More so, the effect of the Covid 19' pand...
Bitcoin (B) is a cryptocurrency. It is the first decentralized digital currency without a principal monetary authority or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for mediator. All bitcoin transaction are documented on virtual ledger called the block chain, which is accessible for everyone to see. It gives you control over your money.
A SHORT HISTORY OF BITCOIN
The host name "Bitcoin.org" was registered on 18 August 2008 and on 31st October 2008 was published online by a guy called Satoshi Nakamoto. The document also called white paper,suggested a way of creating a system for a decentralized currency called Bitcoin. However it is a compound words of bit and coin. This sy...
First, virtual cards, whether credit, prepaid or debit, are options provided by certain digital banks at European level. These will be provided by both Visa and Master Card, as the case may be.
At the Latin American level they had not been used or implemented completely. Only a few years ago, the Uphold platform issued a limited number of cards for its users, but they canceled the service.But due to the rise of the PayPal platform in Latin America, there is a great demand for these cards. Because PayPal requires verification by a bank card or account in dollars or euros. Which is impossible in Latin America, since our official currencies are others such as pesos, bolivars, reals, soles, among others.
Consequently, a Colombian entrepreneur, seeing and living this demand, dec...
First, hyperinflationary economies occur in those countries where inflation rates are above average.
It can be said that hyperinflation occurs when the indexes exceed two and three figures.
Based on that we can say that hyperinflation occurs when inflation reaches exorbitant and uncontrollable levels. Where the prices of products increase rapidly and excessively, while the value of the currency falls and is gradually devalued.
These hyperinflationary phenomena represent the consequences of countries at war, or with economic policies that are not adapted to reality.
Among the economic policies that promote hyperinflation we have the following:
Strict foreign exchange control of higher value. Various types of currency conversion. Price increase restriction, whi...
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