280
views
0
recommends
+1 Recommend
2 collections
    0
    shares
      scite_
       
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      COVID 19 impact on the global economy

      Preprint
      In review
      research-article
        1 ,
      ScienceOpen Preprints
      ScienceOpen
      COVID 19, Corona virus , Pandemic, global recession, public health, Omicron,
      Bookmark

            Abstract

            How did a wellbeing emergency mean a financial emergency? For what reason did the spread ofthe COVID push the worldwide economy to the brink of collapse? The response lies in twotechniques by which COVID smothered financial exercises. In the first place, the spread of theinfection energized social removing which prompted the closure of monetary business sectors,corporate workplaces, organizations and occasions. Second, the outstanding rate at which theinfection was spreading, and the uplifted vulnerability about how awful the circumstance couldget, prompted trip to somewhere safe and secure in utilization and speculation among customers,financial backers and worldwide exchange accomplices. We center around the period from thevery outset of 2020 through Spring when the COVID started spreading into different nations andmarkets. We attract on realworld perceptions surveying the prohibitive measures, money relatedarrangement measures, financial approach measures and the general wellbeing estimates that wereembraced during the period. We experimentally look at the effect of social separating strategies onmonetary exercises and securities exchange records. We likewise exactly the impact ofCoronavirus disease cases and Coronavirus passings on macroeconomic execution during the 2020to 2021 period. The discoveries uncover that the rising number of lockdown days, money relatedapproach choices and global travel limitations seriously impacted the degree of financial exercisesand the end, opening, most minimal and most noteworthy stock cost of significant securitiesexchange records. We likewise find that the rising number of Coronavirus cases and rising demisecases prompted a critical expansion in worldwide expansion rate, worldwide joblessness rate, andglobal energy commodity index.Keywords: COVID-19, Coronavirus, SARS-Co

            Content

            Author and article information

            Journal
            ScienceOpen Preprints
            ScienceOpen
            10 December 2022
            Affiliations
            [1 ] Public Administration, Auchi Polytechnic, Edo State, Nigeria
            Author notes
            Author information
            https://orcid.org/0000-0002-3389-1183
            Article
            10.14293/S2199-1006.1.SOR-.PPENFMX.v1
            d88adddf-0000-4fef-98b9-2a9b8a77252e

            This work has been published open access under Creative Commons Attribution License CC BY 4.0 , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com .

            History
            : 10 December 2022
            Funding
            Not applicable Not applicable
            Categories

            The datasets generated during and/or analysed during the current study are available from the corresponding author on reasonable request.
            Education,Earth & Environmental sciences,Medicine,Statistics,Geosciences,Law,History,Economics
            COVID 19, Corona virus , Pandemic, global recession, public health, Omicron,

            Comments

            Comment on this article