ISBN: 9781839370496
Year: 2021
Binding: HB
Price: GBP 220.00
World has witnessed several crisis situations due to outbreak of epidemic, world wars and financial insurgency. This volume highlights the impacts of COVID-19 on the global economy, at a time when the world economy has experienced large demand and supply shocks. To limit the transmission of the corona virus, all governments shut down production, restricted movement of people, etc., which led to severe curtailment in demand, and disruptions in supply chains all over the world. Emerging markets will lose at least 2.4 percent of their GDP in 2020 alone. Loss in global travel revenue due to COVID-19 is estimated at USD 810.7 billion. Financial markets have been badly hit and about USD 83 million have been pulled out of developing markets from the outbreak of COVID-19. The list of sectors impacted by the COVID-19 outbreak, is endless.

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