THE INFLUENCE OF COVID-19 PANDEMIC ON THE GLOBAL ECONOMY

Authors

  • Mayur Bajaj
  • Abhishek Venkteshwar
  • Asha S
  • Likitha V.S
  • Accamma

Abstract

ABSTRACT

This study highlights the monetary impact of the COVID-19 pandemic across various enterprises & nations. The paper also provides for worldwide financial expenses incurred due to the outbreak of COVID-19 & also the analysis of GDP of various nations.

 

This study also reveals that the monetary impacts of the COVID-19 outburst is not taken very seriously due to excessive dependence on authentic examinations with SARS or the monetary emergency that took place in 2008/2009.

 

During the lockdown, how the recuperation would occur was very much unclear. There was a decrease in the GDP drastically in the year 2020. In a normal circumstance without the pandemic, the GDP would be somewhere around 3-6% depending upon the country. However due to the Outbreak of COVID over 30 major nations saw a decrease in GDP in 2020 of - 2.8%. In different situations.

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Published

2021-04-30

How to Cite

Mayur Bajaj, Abhishek Venkteshwar, Asha S, Likitha V.S, & Accamma. (2021). THE INFLUENCE OF COVID-19 PANDEMIC ON THE GLOBAL ECONOMY . PalArch’s Journal of Archaeology of Egypt / Egyptology, 18(08), 76-84. Retrieved from https://archives.palarch.nl/index.php/jae/article/view/7951

Issue

Vol. 18 No. 08 (2021): PalArch’s Journal of Archaeology of Egypt/Egyptology

Section

Articles