CORONAVIRUS IMPACT ON GLOBAL ECONOMY

CORONAVIRUS IMPACT ON GLOBAL ECONOMY

MERI BOSHKOSKA, NIKOLCHE JANKULOVSKI

The COVID-19 pandemic is having a severe effects on both workers and employers in different countries andindustries worldwide. In this paper we analyzed the impact of the corona crisis on the global economic growth and themain questions addressed here are the effects of corona crisis on the global manufacturing activity and serviceindustry.The research results showed that at the beginning of 2020 when the coronavirus emerged in Wuhan, Chinaand has spread around the world causing a pandemic, it brought the global economy on its knees in a very short periodof time. Also, the results indicate that the global economy will take years to recover from the corona crisis.The research is done by exploring of the latest economic analysis related to the COVID-19 pandemic in orderto identify its effects on world economy throughout the first half of 2020

2020

coronavirus, covid-19, crisis, global economy, Black Swan, economic slowdown

Biotemas

Universidade Federal de Santa Catarina

Economics as a science, Commercial geography. Economic geography