THE EFFECT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON THE GLOBAL ECONOMY

Abstract

Today, the world is living with the consequences of the spread of the HIV epidemic, which has affected various sectors, as it has caused a great shock to the global economy, which may actually transform the rates of global growth in the world’s growth rates. For this year 2020, as this crisis is not the first supply shock experienced by the world, there are oil shocks in the seventies, the tsunami of Thailand and the earthquake of Japan in 2011 and so forth. It has a specific geographical scope, without physical expansion, as well as a time frame during which it culminated and then ceased; However, Coronavirus has demonstrated that it is not controllable, as it is spreading in all parts of the world to leave the effects of the shock on most economies, as well as there is no frame of time. This epidemic ends like other crises the world has witnessed, as in this paper we show the effects of the Covid-19 virus on the world economy, and this is by virtue of the occurrence of a landing economy.