Tuesday, May 12, 2020

Recession in Lockdown due to Coronavirus

The demand will come down by 6% in 2020 comparision to 7 times higher than the 2008 recession.

The spread of coronavirus is affecting energy demand world wide. Energy demand in the country has decreased by 30% approx due to lockdown announced in march 2020. according to the international energy agencies (IEA) demand will decrease per week 0.6% annually. The agency says the industry's trend has increased towards solar, wind and hydropwer. this effect comes due to COVID19 lockdown worldwide.

No comments:

Post a Comment