The previous article outlined the potential impact of economies on the spread of the virus in the world. The impact will be so great that, according to the World Bank, it will be far worse than the 2008 recession. In such a case, the support of international organizations is essential for countries. It is the international organizations and economic actors who determine the state of the world once the world is shut down. Developing countries are at risk because of the limited supply of medical supplies. However, the World Trade Center says that any country has the freedom to make decisions for the safety of its citizens and that this is a global crisis and must be tackled. The World Bank Similarly, some countries levy taxes on their health services, as well as a substantial share of the national income. In a developing country it is about 8% and in a low developed country it is about 11%. Therefore, to address these issues, the World Bank presented the following proposals a
Economic impact of covid 19 The covid 19 health crisis has evolved into a global economic crisis with the collapse of daily labor and the termination of flights. To date, more than 722,000 people have been diagnosed with the disease in 190 countries and over 33900 deaths. Although they are the only ones affected by the health outlook, the number of economically distressed people is high. The impact on low and middle income countries is huge. Meanwhile, the failure of the daily wage earners to meet their daily needs has seen the collapse of the school and higher education system. There are basically three economic consequences of the virus. • Closure of public institutions, public services and public functions by governments • Suspend the process of private companies and companies • Restrict consumers to shop, subject to self-restraint and curfews Although these problems occur primarily, they can be based on long-term problems. The closure of public services will resul