Broad variety of possibilities expected for downturn is clarified by health crisis extraordinary existence and the confusion over exact economic effects.
WTO economists conclude that the downturn is likely to surpass the trade recession caused by the 2008-09 global financial crisis
Source: WTO Secretariat.
Considering the trade evidence available for the second quarter, the gloomy scenario of the April outlook, which predicted much higher health and economic costs than what had happened, seems less plausible, because it suggested deeper falls in the first and second quarters.
The World Bank, OECD and IMF have also issued projections suggesting substantial slowdowns in world trade and GDP; these are also largely in line with the WTO ‘s current year outlook. New prediction by the World Bank will see a 5.2 % decrease in global production 2020, slipping within the hopeful and negative spectrum of the WTO.
The GDP predictions of many foreign bodies 2020 are highly pessimistic. While, their exchange estimates remain largely in line with positive scenario of the WTO. Such figures suggest less pessimistic trade reaction slowing growth in GDP than was experienced during the 2008‐09 global financial crisis.
Sum up :
World merchandise trade dropped between 13 and 32% in 2020 due to pandemic .
Trade recovery projecting in 2021, but relies on the length of the epidemic and the success of the policy responses.
Nearly all regions will witness double-digit decreases in trade volumes in 2020, with North America and Asian exports hit hardest.
Trade will likely fall vertical in sectors with complex value chains, particularly electronics and automotive products.
Services exchange may be most directly affected by COVID-19 by transport and travel restrictions.
In 2019, amount of retail exchange dropped by 0.1 %, weighed down by international disputes and declining economic development.
The dollar volume of exports of global goods dropped by 3 per cent to US$ 18.89 trillion.
The volume of exports of financial services grew by 2% to 6,03 trillion USD in 2019.
New grad currently negotiating part-time PA position in Family Practice. I've done clinical rotations and scribed at a Family Practice office in NYC and will be working part-time until I start a Residency program in the fall. Trying to figure out what I should expect in a part-time contract if anything in terms of benefits, PTO, CME, etc. Also, trying to discern if it is in my best interest to be a part-time employee or 1099.
Thanks in advance!
3 years in Derm.
Right now :
1. Part time pay $57.50 an hour no benefits except 401k he’s putting in 3%. Only PA in solo practice. One time bonus in December of $1,500. Pays for all CME activities no cap, but does not pay accommodations or other expenses.
2. Work 20-25 hours a week. I tally about 60 patients a week and sometimes less.
3. I Do some cosmetics
4. I was offered productivity based salary at first, had no Derm experience but I declined because I was brand new to practice. Worked IM 3 years before starting.
same base salary : part time hourly $57.50
productivity: net Collections first year 3%, 2nd year 4% and 3rd year 5% above 200k. Reports quarterly but collected and calculated from Whole practice
30% in cosmetic procedures
Same benefits as above