The impact of (covid-19) on global economy
Other Title(s)
تاثير كوفيد -19 في الاقتصاد العالمي
Joint Authors
Qahwaji, Nizar Sadiq
Riaz, Muhammad Akram Tihrim
Source
Journal of Kirkuk University : Administrative and Economic Science
Issue
Vol. 11, Issue 2 (31 Dec. 2021), pp.307-323, 17 p.
Publisher
Kirkuk University College of Administration and Economics
Publication Date
2021-12-31
Country of Publication
Iraq
No. of Pages
17
Main Subjects
Topics
Abstract EN
Since the COVID-19 diagnosed as a pandemic, it has spread to over 200 countries and all U.
S.
states.
The pandemic is negatively effecting global economic growth beyond anything experienced in nearly a century.
Estimates so far indicate the virus could trim global economic growth by % 3 to % 6 in 2020.
The economic fallout from the pandemic raises the risks of a global economic recession with levels of unemployment not experienced since the Great Depression of the 1930s.
The human costs in terms of lives lost will permanently effect global economic growth in addition to the cost of rising levels of poverty, lives upended, careers derailed, and increased social unrest.
Global trade could also fall by 13% to 32% , depending on the depth and extent of the global economic downturn, exacting an especially heavy economic toll on trade-dependent developing and emerging economies.
The full impact will not be known until the effects of the pandemic peak.
American Psychological Association (APA)
Qahwaji, Nizar Sadiq& Riaz, Muhammad Akram Tihrim. 2021. The impact of (covid-19) on global economy. Journal of Kirkuk University : Administrative and Economic Science،Vol. 11, no. 2, pp.307-323.
https://search.emarefa.net/detail/BIM-1306298
Modern Language Association (MLA)
Qahwaji, Nizar Sadiq& Riaz, Muhammad Akram Tihrim. The impact of (covid-19) on global economy. Journal of Kirkuk University : Administrative and Economic Science Vol. 11, no. 2 (2021), pp.307-323.
https://search.emarefa.net/detail/BIM-1306298
American Medical Association (AMA)
Qahwaji, Nizar Sadiq& Riaz, Muhammad Akram Tihrim. The impact of (covid-19) on global economy. Journal of Kirkuk University : Administrative and Economic Science. 2021. Vol. 11, no. 2, pp.307-323.
https://search.emarefa.net/detail/BIM-1306298
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1306298