Showing Page:
1/1
Effects of Covid-19 to the global economy
Economy is the lifeblood of the society. It is like the main source of fuel that keep the society moving
and allow its inhabitants to survive.
As many of us are aware, Covid-19 have brought a devastating impact in our economy. Travel restriction
and lockdowns all around the globe made the economy idle and consequently affected millions of lives.
The day to day activities of the people drives the economy into life. And with the sudden surge of
infections brought about by the Covid-19 hinder the movement of people and therefore resulted to
drastic downfall of the economy.
With the apparent drastic downfall of the economy, the lives of our fellow human beings worsen and
those who are struggling prior to the pandemic can’t even barely withstand its wrath.
Lower demand for goods and services are the unlikely effects of the pandemic which consequently
resulted to closures of some businesses even of those established ones. These unfortunate events are
affecting not just a portion of a continent but the world in its entirety. These closures then resulted to
growing scale of unemployment, scarcity, and hunger.

Unformatted Attachment Preview

Effects of Covid-19 to the global economy Economy is the lifeblood of the society. It is like the main source of fuel that keep the society moving and allow its inhabitants to survive. As many of us are aware, Covid-19 have brought a devastating impact in our economy. Travel restriction and lockdowns all around the globe made the economy idle and consequently affected millions of lives. The day to day activities of the people drives the economy into life. And with the sudden surge of infections brought about by the Covid-19 hinder the movement of people and therefore resulted to drastic downfall of the economy. With the apparent drastic downfall of the economy, the lives of our fellow human beings worsen and those who are struggling prior to the pandemic can’t even barely withstand its wrath. Lower demand for goods and services are the unlikely effects of the pandemic which consequently resulted to closures of some businesses even of those established ones. These unfortunate events are affecting not just a portion of a continent but the world in its entirety. These closures then resulted to growing scale of unemployment, scarcity, and hunger. Name: Description: ...
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4