Question

Read at least one published article/analysis on the global economic impacts of the Covid-19 crisis (include reference (s)). Describe (in one page) the likely impacts of the Covid-19 crisis on global trade and on market demand, supply, and price for a familiar good/service.

Type please

Answer 1

According to the published article in economics times this pandemic impacts the economy in a long way. The effect of COVID-19 on the global economy is very bad because of the following reasons.
Covid-19 is not only a disease but it is a damaging virus for all the economies of all over the world because it destroyed the structure of economy it destroys all the productive efficiency of the employees and the effectiveness of the workers it is a not only short period problem which will vanish in few months instead of it is a big problem of economic structure.
Covid-19 pandemic created an environment where nobody is dreaming for a secure future there is no such possibility of the sustainability, therefore, it is a problem which is existing all over the world it is a global problem, therefore, all the economic structure earn not in a position to plan anything for the coming years.
A big question is why the productivity is going downward why there is no stability of prices in the economy why every economy is in a position of downsized it is because of all the employees are not in a position to invest in their growth because there is is a situation going on in all over the world that everybody is facing a problem of job insecurity lots of Companies are in a position of bankruptcy and they have already filed the winding-up letter.
There is no scope of the further job opening in the world because all the companies are facing the 50% downsized market and the export and import positioning of the companies are adversely affected in this situation.
Again there is a big question and a big issue why there is a job cut in all over the world the reason is simple business is run by the two forces one is the demand force and another one is the supply force when there is no demand in the economy then there is no use of supply in the same economy, therefore, all the companies are not in a position to higher-order to maintain job stability for the people, therefore, there is no possibility in coming future to work as per the upcoming planning of new investment.
In the Global market, there is no further scope of the creation of demand of any of this section and category of the goods whether I belong to a luxurious good or belong to a necessity goods there is no chance to rise up the demand because of decrease in purchasing power of the consumer.
Consumers are just thinking of the precautionary purpose of the money consumers are not in a position to purchase any goods which belong to luxury that's the only reason this is the biggest downfall in the automobile sector in all over the world.
At last, it is the simple observation that this pending decreases the size of the Global economic sector and all the economies through the back of at least 20 years and the recovery cost is very high and it is not a matter of one or two years but it is a matter of many years and doesn't know the exact number.