Question

‏what is the impact of covid - 19 on developed and developing countries? answer it with details

Answer 1

Covid -19 have impacted badly on everyone's life.

When we talking about developing countries ,demand for domestic consumer is decreasing due to this crises.Only demamd for medical equipment ,medical assistance is increasing while other are decreasing because there is lockdown in almost countries ,manufacturing process is not happening in most of the countries.demamd for luxury items is decreasing.There are down fall of stock market prices.No travelling and tourism activity hence they have lost their revenue.as demamd decreases manufacturing is also decreasing .less manufacturing leads to lower employment opportunity.there is shortage of imported raw material.GDP is going down day by day.

When we talked about developed countries

In developed country covid -19 has impacted badly.Due to covid -19 their export is decreasing .International demand of their goods and services is decreasing .unemployment rates are increasing day by day.Their pandemic payroll is increasing.Their stock market prices is going down day by day.It is tough time for all.No revenue is generted from travelling and tourism.hence its affected their life badly.