As the whole domain of our world struggles to encounter the COVID-19 pandemic, its effect on the global economy is increasing—with the OECD cautioning, the present pandemic poses the biggest threat to the international economy after great recession in 2008–2009. UNCTAD, the United Nation's ...
Another effect of COVID-19 on the global economy has been the disruption of supply chains. Many countries rely on goods and services produced in other countries, and the pandemic has caused significant disruptions to global supply chains. The closure of factories, ports, and airports has led to...
COVID-19OutbreakCoronavirusPolicy responseStock MarketThis paper examined the effect of COVID-19 pandemic on the global economy. The study employed an analytical approach reviewing the most recent literature COVID-Social Science Electronic Publishing...
The Covid-19 global pandemic emerged not only as a public health crisis but also severely affected the global economy and financial markets. The shock it created had a ripple affect across all sectors of the global economy, triggering consequences such as significant decline in global GDP, rise ...
The COVID-19 pandemic has devastated the global economy, which has rendered many of the world's population impoverished. Moreover, the pandemic has generated some uncertainties regarding economic and social policies. This phenomenon is lately the brunt of every government across the globe. This pres...
The coronavirus (COVID-19) pandemic that has swept across the globe in 2020 not only had a significant impact on public health, society, and the economy as a whole, it also wreaked havoc with the sporting calendar. In a bid to stem the spread of the virus, many professional and amateur...
The World Health Organization (WHO) on Monday warned that the new coronavirus pandemic is still worsening globally, despite reductions in infections and deaths across Europe. Around the world, the coronavirus has killed more than 400,000 people, with the toll rising by thousands every day. The...
BRUSSELS/BERLIN, April 2 (Xinhua) -- The COVID-19 pandemic, which is sweeping the world, has left in its wake some 900,000 infected and over 45,000 dead by Thursday, according to the lastest World Health Organization (WHO) figures, triggering fears that the world economy could be driven...
The global economy is on track to contract "sharply" by 3 percent in 2020 as a result of the COVID-19 pandemic, much worse than during the 2008-09 financial crisis, according to the International Monetary Fund (IMF)'s World Economic Outlook released Tuesday. (Xinhua/Liu Jie)...
The International Monetary Fund has revised up its forecast for global GDP in 2020, but still says the global economy will contract by 4.4% this year. The IMF also predicts a “long, uneven and uncertain” recovery from a worldwide recession sparked by the coronavirus pandem...