explain corona virus and how it has afftect the economy

Expert Solution

Coronavirus is a contagious disease that had triggered health crisis all over the global economy and it has put the global economy into a sleeping mode, because there are shutdown all across different nations.

There is an expectation of economic recession which has been triggered by health crisis because the demand has completely slowed down and physical businesses are expected to remain shut for few more days because it has completely casted a cloud of uncertainty over the future of various different businesses which were dependent upon the public gathering.

There would be a high level of volatility and uncertainty into the markets because there is still no vaccine available, and the demand is continuing to shrink further and unemployment is also rising because of this and we are in midst of the crisis. All such monetary measures have also been taken by the federal reserve and it is not yielding into any positive benefits.

jeff jeffy answered 1 year ago

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