The Economic Impacts of Coronavirus on the Global Economy Case study India country | ||||
| International Journal of Multidisciplinary Studies on Management, Business, and Economy | ||||
| Volume 4, Issue 2, December 2021, Page 1-14 PDF (1.38 MB) | ||||
| Document Type: Original Article | ||||
| DOI: 10.21608/ijmsbe.2021.233399 | ||||
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| Author | ||||
| Abeer Mohamed Abdel Razek Youssef | ||||
| Institute of Statistical Studies and Research Department of Applied Statistics and Econometrics student, Cairo University | ||||
| Abstract | ||||
| The so-called ―Covid-19‖ shock will trigger a recession in some countries and a deceleration of global annual growth to below 2.5 per cent -- often taken as the recessionary threshold for the world economy. The on-going spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets. It has become the biggest threat to global economy. The major bad impacts of Corona virus outbreak are slowdown in economic growth, slowdown in manufacturing activity, contraction in services activity, declining oil prices, sell off in stock markets, far fewer flights and rise in unemployment. The so-called "Covid-19" shock will lead to stagnation in some countries and a slowdown in global annual growth to less than 2.5 percent -- often considered the threshold of stagnation for the global economy. The continued spread of the new coronavirus has become one of the greatest threats to the global economy and financial markets. It has become the greatest threat to the world economy. | ||||
| Keywords | ||||
| Corona virus; Outbreak; Global Economy; Economic Growth; Slowdown | ||||
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