The Virus Outbreak and the Economic Shock: A Replication on the Global Pandemic and Economic Disaster


Authors : RENATO L. VIROLA; ALVIN GINO M. BAUTISTA

Volume/Issue : Volume 6 - 2021, Issue 9 - September

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3nZ0icw

This study is all about the effect of Corona Virus Disease Pandemic and its significant effect to the economy. The COVID-19 pandemic ruin the life of many people as well as the economy of the world. Sometimes, it is not easy to hinder dangerous diseases from emerging, but planning to lessen the bad effects of this pandemic is very important than doing nothing and. The current problem about COVID-19 has had a great monetary effect all over the world, no rich, no poor country, everyone will be affected. This problem is very much significant for the economy, all of humanity is literally affected, which has provoked keen changes in how associations perform and clients continue. Out and out, there are 13 papers that cover unmistakable industry regions (e.g., the movement business, retail, high-level training), changes in purchaser lead and associations, moral issues, and points related to laborers and organization. The COVID19 pandemic was began when SARSCoV2 infection from the province of Wuhan, China spread among the people all over the world. It made an expansive overall shock making an extraordinary money related break. There has been a stoppage in all moneyrelated territories worldwide and over 33% of overall people were put under lock-down. This study focused on the impact of COVID-19 pandemic with regards to the money consumption, people’s expenditure, countries finances and other economic impacts in different countries affected. This research can be a great help tothe small and medium businesses which is truly affected by this COVID 19 outbreak.

Keywords : Virus outbreak, Economic shock, Global pandemic, Economic crisis

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