The Covid-19 Epidemic and its Profound Effects on Global Economy

Coronavirus pandemics have spread over the globe. As a result, national economies and businesses are seeing the impact of the virus, which has left governments scrambling to come up with new strategies to contain it. Hundreds of thousands of individuals have been out of work or reduced in income. Jo...

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Bibliographic Details
Published in:IAHRW International journal of social sciences review 2021-09, Vol.9 (3), p.243-246
Main Authors: Brar, Gurinayat, Dosanjh, Kismat, Saran, Inaksh Kaur
Format: Article
Language:English
Subjects:
Companies
Coronaviruses
COVID-19
Electronics industry
Epidemics
Global economy
International trade
Pandemics
Pharmaceutical industry
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Summary:Coronavirus pandemics have spread over the globe. As a result, national economies and businesses are seeing the impact of the virus, which has left governments scrambling to come up with new strategies to contain it. Hundreds of thousands of individuals have been out of work or reduced in income. Joblessness has risen in almost all of the world's economies. Covid-19 has influenced our daily lives, businesses, and the global trade and movements in ways that have dramatically impacted the planet. To be able to keep the virus from spreading as quickly, it is important to identify the disease as early on as possible. Manufacturing of the products has all but come to a halt in the majority of countries. As a result of this sickness, a wide range of companies and sectors are affected, which include the pharmaceutical industry, the solar power industry, the travel industry, and the Information and electronics industry. This virus has major worldwide consequences as well as impacts on daily lives. The following studies represent the effect of covid-19 on the global economy.
ISSN:2347-3797