Author(s): Thomas Abate
The economic impact of the COVID-19 epidemic is expected to be far greater than anything observed since the 2008/09 financial crisis. COVID-19 has already had a large distribution. The human cost, and with public health systems in a state of flux these costs will continue to rise in order to cope. The regulations Governments have put in place measures to limit the transfer of information. COVID-19 has resulted in a significant response in many nations. Supply and demand shocks As a result, tremendous progress has been made. Disruptions in trade, commodity price declines, and the many countries' financial conditions are tightening. As a result of these consequences, there have already been significant increases in Unemployment and underemployment rates will continue to rise. It will continue to threaten the survival of many firms worldwide.