THE INFLUENCE OF COVID-19 PANDEMIC ON THE GLOBAL ECONOMY
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.