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Effects Of The Novel Coronavirus SARS-Cov-2 And Its Associated
Diseases. COVID-19 On The Economy
STUDENT’S NAME:
INSTITUTION
AFFILIATION
DATE
INTRODUCTION
❖Since the emergence of the novel COVID-19 several outcomes
has occurred in numerous nations.
❖The implication of COVID-19 occurrences has highly impacted
the countries' economies;
❖resulting in significant strain in the manner nations’
economies operate
THE EFFECTS ON ECONOMIC GROWTH.
✓ The onset of COVID19 pandemic occurred in December 2019; this was
mainly characterized by a period of uncertainty and normality of the
economies.
✓ The global economy was thriving and rising steadily.
✓ Considerable decline of the countries whose GDP largely relies on air
travel.
✓ For instance, Malawi as a nation encountered a significant decline in
the GDP, which was accounted to be 16.5%, the worst decline within
the previous decade, resulting in social distancing as a result of
Covid-19 (Baulch et al., 2020).
✓ Similarly, the decline in employment greatly resulted.
Effects of COVID 19
❖ Government directives to work from home are highly attributed
to 3.7% unemployment in 2020,
✓ significantly anticipated to shoot upW
to 9.3 % in 2021
(Mclntyre & Lee, 2020).
✓ The expec...