In: Finance
What is the before and after effect of the current global pandemic and its effects on global multinational ecosystem?
Q: Before and after effect of Global Covid 19 Pandemic and its effect on Multinational ecosystem:
The global corona virus infected disease has kept the world like statue not enabling the government to spread its hand and legs to do whatever all the things were happening as such. It has created a great massive threat to all whole world in term of continuing as usual free standard life and healthy work life balance.
It has started its pandemic journey from wuhan of china in recent december 2019 touching peak in mid march or 2020 which forcefully moulded whole countries government to announce lockdown.
It has spreaded over above 200 countries caused death of massive population and still its effect is increasing day by day though slight recovery of covid 19 infected patients observed..
The count of death population is worthless until vaccine of this covid 19 is invented. It has forced the whole world to maintain social distancing to get rid of this infection.The manufacturing activities, production, entertainment areas, transportation,both railways and airways are stopped, which created economy in decreasing. Global domestic production is decreased.unemployement also increasing..
The multinational firms have been stopped because they cannot start their day to day work due to lockdown. For that reason companies profit and return are being decreased.
So all these activities have been taken to control the spread of this desease at any cost.
U.S and Europe have been affected very seriously causing 30 million people seeking unemployement due to covid 19.The stock market crash has been seen. If we do trend analysis of major stock exchange like Dow johns , FTSE, Nikkei they have touched double digit negative mark till april 2020. Oil price crashed which has affected global economy heavily. After china, india is struggling now to control this pandemic.