The Downfall of the World Economy in Covid-19

Abstract

The outbreak of coronaviruses is spreading rapidly throughout the world, creating global fear and insecurity. The disease has brought not only human lives into danger, but also the virus has led the worldwide economy to a downturn and a situation of the global recession. The virus has adversely affected the governments, financial markets, trade, manufacturing, supply chain, and many institutions, especially institutions. As a result, many institutions and banking institutions have begun lowering their economic forecasts, resulting in virus impacts on international financial markets. Studies have investigated the effects of coronavirus on human lives, but there are still undervalued reasons why economies suffer from a pandemic. As a result, the purpose of this research was to investigate the causes that have an impact on the economy during the Covid-19 pandemic.