Impact of COVID-19 Lockdown on Global Economy

IAEME PUBLICATION, 2020

The Corona virus was first identified in December 2019 in China which spread at an eagle's pace in the world, and brought the global economy to its knees. What is the proxy to COVID-19 in terms of economic crises and how this deadly virus stopped the economic as well as social activities? The influence of the virus could be seen in two ways: at one side it affect the close proximity by practicing social distancing which further led the shutdown of institutions, offices, shopping malls etc. whereas, on other hand economic actors such as consumers, investors etc unable to predict that how long the effect of virus spread will last. To address these issues this study examined the effect of outbreak from 1st May to 31st July 2020 in developed and underdeveloped economies. This study attempted to analyze the entire measures and policies (fiscal policies, monetary policies, and health policies) adopted worldwide to tackle the situation emerged due to corona outbreak. In addition the impact of social distancing on economic activities and stock market indices was also examined. The outcomes indicated a negative relationship between lockdown, travel restrictions, monetary policy, economic activities, and stock market; whereas, positive relationship was found between fiscal policy, internal movements and economic activities; however, no significant relationship was found in rise of number of confirmed cases and economic activates.

Technium Social Sciences Journal

This exploratory study is carried out in April, 2020, when corona virus is spread all over the world and become Economic crisis 2020.The objective of this study is to answer some questions arise in mind, how many countries infected and reduce their economic activities? What are effective fiscal and monetary policies at international level to address the crisis? Is monetary and fiscal policy used as vaccine to prevent the world economy from crisis? It is a hot topic these days when world is facing this covid-19. Researcher get information from different website, international monetary fund(IMF), Organization of economic cooperation and development (OECD) Standard& poor’s, (S&P) rating agencies, and some past papers to explain the impact of Corona virus on world economy. Further explain the losses from one industry to another industry. And finally concluded that world economy is fighting with dual nature crisis. On one hand Death of million people from corona, other is fall down of ...

International Organizations and States’ Response to COVID-19, 2021

The purpose of this chapter is to analyse the impact of the COVID-19 pandemic on global economic developments and outline the tendencies to which it led. The research is based on the assumption that the virus is likely to be as contagious economically as it is medically contagious. Studying the world's leading economies (the US, the European Union and China) from the beginning to the end of 2020, two groups of consequences emerge. First, the introduction of restrictive measures at the start of the pandemic imposed social distancing and reduced the movement of people and goods, which in turn had a major effect on the collapse of the services' sector and the supply chains. Second, the exponential growth of infected people and the speed of the spread of the virus forced the world's leading economies to apply more restrictive measures in the form of national lockdowns, curfews, and quarantines, resulting in the total paralysis of the economy and a rapid decline in GDP. Desk research has been applied in the analysis, based on available external and internal sources. Data from national statistical institutes and international organizations have been used. The results clearly indicate that the adopted economic measures became a determining factor for the world's leading economies not to enter a great recession and laid the foundations of the global economic trends. The beginning of immunization of the population opens the way to an

International Journal of Scientific Research in Science and Technology, 2020

The COVID-19 pandemic is having a “severe” footprint on the economy of the world. In the study the heed is on gauging the impact on different areas such as hospitality, auto, real estate, aviation & tourism, Gross domestic product (GDP), unemployment, different shapes of recoveries in the economy and also explained some measures for stabilizing the economy. The economic effect of COVID-19 has been considerable and broad based. The GDP goes down dramatically in 2020 Q1 (-23.9% annually) due to the unprecedented lockdown to control the spread of COVID-19. Thus, in the informal sectors and daily wage people have been at the most risk .Approximately, 25 million jobs could be lost throughout the world due to corona virus pandemic, but an internationally coordinated policy reaction can help underneath the impact on global unemployment, as happened in the global financial crisis of 2008-2009, according to UN agency. This is an opportunity for our country to become a part of global supply chain for the enhancement of GDP. On the basis of some measures, we overcome these unpropitious situations.

Journal of Climate Change

Coronavirus is impacting the world we live in for the most vanquished way and all regions of the planet are left with hung economic loss. This pandemic has not just negatively affected medical care frameworks and communities’ lives yet additionally influenced world economies and brought about employment misfortunes, and business disturbances, and made us head towards one of the most awful times ever for individuals on the planet. Nearly, every one of the enterprises is going through huge decreases in their business, and the effect is so much tremendous of this pandemic, that they are extending more terrible times ahead. The outburst of the Covid-19 pandemic has a remarkable shock to the Indian economy. The economy was at that point in a dreadful state before COVID-19 struck. With the persistent far-reaching lockdown, worldwide financial crisis, and related interruption of interest and supply chains, the economy has likely confronted an extended time of stand stillness. The extent of...

WPRN (WPRN-496452), 2020

This is a review paper of the literature on COVID-19 pandemic which is still an ongoing research topic despite its origin in late 2019 in Wuhan, China. According to the World Bank’s modeling, it is predicted that the full recovery of some regions will not be achieved before 2025. As of September 25, 2020, the WHO declared that the number of COVID-19 cases globally exceeded 32.5 million, resulting in almost 1,000,000 deaths (specifically exceeding 988,000 deaths). The consequences of the COVID-19 pandemic has reached far beyond the spread of the disease and the countries’ efforts to quarantine it (McFall-Johnsen et al., March 14, 2020). Due to panic buying, disruption to manufacturing facilities and supply chain, and increased demand for goods to fight the pandemic, there have been supply shortages that affected many sectors including pharmaceuticals, electronic products, and food items (Fierce Pharma, Feb 27, 2020; Sirletti et al., Feb 24, 2020; CNA, May 19, 2020). Stock markets all over the world fell on February 24, 2020 due to a significant increase in the number of COVID-19 cases globally; and in March 2020, global stock markets also crashed falling with several percent in the world’s major indices (CNN Business, Feb 27 2020; Dow Jones Close, Feb 28, 2020; CNBC-Imbert, Feb 27, 2020). International and national conferences, events, and meetings with regard to many industries such as technology, sports, fashion, and others have been either cancelled or postponed (Business Insider, April 29, 2020) badly affecting travel, tourism, and trade. In light of the above-mentioned and more, the world has been in an economic recession although some countries have been trying to start breathing again in order to get back to business as usual. For this paper, thirteen countries from both categories of economies (i.e., eight developed economies and five developing economies) have been selected in order to study the COVID-19 economic impact on these countries.

2021

This study is being conducted when the Corona virus spreads around the world and becomes an economic major crisis in 2020. This study answers certain questions, such as how many countries are affected with corona viruses and decreases their economic activities. What are the most effective international monetary and fiscal measures for dealing with the crisis? Is monetary and fiscal policy employed as a vaccination to keep the global economy from collapsing? It’s a major topic these days, especially with the globe facing COVID-19. Researchers explain the impact of the Corona virus on the world economy by getting information from Standard and poverty agencies (S and P), Organization of Economic Cooperation and Development (OECD), and from different websites and reports. Moreover, researchers obtain information from the International Monetary Fund (IMF). In addition, explain the losses from one industry to another and concluded that the global economy is confronted by dual crises in na...

Academia Engineering, 2024

Metal nanoparticles have recently attracted the attention of environmental remediation researchers. We present a green production of iron nanoparticles (FeNPs) using Azadirachta Indica (Neem) leaf extract. U.V. Visible spectrophotometric,Fourier transform infrared spectrophotometric, Scanning electron microscopic, and Transmission electron microscopic techniques were used to characterize the synthesized particles. The results show that the most significant absorbance peak was obtained at 248 nm wavelength and the FT-IR peak was obtained at 594 cm-1, confirming the creation of zero-valent iron nanoparticles. The nanoparticles were then used as a catalyst in methyl orange (MO) degradation in the presence of Peroxodisulphate (PDS). The corresponding experiments evaluated the elimination kinetics and the effect of reactant concentrations. The loading experiment demonstrates that the dye has been almost completely removed from the water.

Презентация за Христо Ботев, Регионален исторически музей - Враца, 5 януари 2024