Question

discuss  impact of COVID-19 on the global economy

Answer 1

Impact of COVID 19 on the global economy:
It is an infectious disease that infects people easily and gets spread from person to person inefficient and sustained manner. It is very difficult to interpret the exact impact of the coronavirus as it has not only impacted the health concerns but the global economy also. It is clear that the impact will be notable and pervasive and the worst is yet to come. The investors from worldwide are closely watching its impact on the world markets. Substantial volatility has been shown by the US stock market with the Dow Jones Industrial Average bearing its worst single-day losses since the financial crisis of 2008.
The impact will be long-lasting even if the tide turns soon and the spread of the virus is curtailed. Some business entities having thin margins and weak balance sheets will have been driven out of the business market. Some of them will need to consider bankruptcy protection of forwarding liquidity problems or supply chain or vendor disruptions.