Authors :
T.J. Krithika; B. Hema; D. Saranya; K.R. Trishala
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/ummm9rj8
Scribd :
https://tinyurl.com/jwdns3hw
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
Abstract :
The identification of Covid cases in China
marked the beginning of a global crisis. The virus was
first discovered in early 2020, leading to the lockdown of
Wuhan city. Subsequently, it spread to India and the rest
of the world, causing significant changes in the global
economy. This article highlights various economic
developments that have occurred during the Covid
period, including the growth of the internet,
advancements in the medical field, improvements in the
IT sector, increased online transactions, enhanced family
interactions, and improved healthcare for the people.
However, it is important to acknowledge that the
outbreak of the Covid-19 pandemic is a tragic event
unfolding worldwide, reminiscent of the Spanish flu
outbreak in 1918-19. Given the considerable uncertainty
surrounding the economic outlook and the associated
risks, quantifying the economic impact is challenging.
Any unforeseen increase in uncertainty can jeopardize
both economic growth and financial stability. In light of
this, economists at the International Monetary Fund
emphasize the need for targeted economic policies, fiscal
measures, and appropriate monetary and financial
stability policies to strengthen the global economy.
Keywords :
Pandemic, Covid, Population, IT Sector, People, Economy, Government.
The identification of Covid cases in China
marked the beginning of a global crisis. The virus was
first discovered in early 2020, leading to the lockdown of
Wuhan city. Subsequently, it spread to India and the rest
of the world, causing significant changes in the global
economy. This article highlights various economic
developments that have occurred during the Covid
period, including the growth of the internet,
advancements in the medical field, improvements in the
IT sector, increased online transactions, enhanced family
interactions, and improved healthcare for the people.
However, it is important to acknowledge that the
outbreak of the Covid-19 pandemic is a tragic event
unfolding worldwide, reminiscent of the Spanish flu
outbreak in 1918-19. Given the considerable uncertainty
surrounding the economic outlook and the associated
risks, quantifying the economic impact is challenging.
Any unforeseen increase in uncertainty can jeopardize
both economic growth and financial stability. In light of
this, economists at the International Monetary Fund
emphasize the need for targeted economic policies, fiscal
measures, and appropriate monetary and financial
stability policies to strengthen the global economy.
Keywords :
Pandemic, Covid, Population, IT Sector, People, Economy, Government.
