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Showing posts from March, 2020

Economic impact of covid 19

  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