The Economic Environment

The Economic
Environment

Contents
QUESTION 1.................................................................................................................................................4
Describe with appropriate evidence, what you consider to be two important global economic effects
of the COVID-19 situation........................................................................................................................4
QUESTION 2.................................................................................................................................................7
Provide a short reflection on your economic learning journey with explicit reference to how
economics relates to the degree you are studying..................................................................................7
REFERENCES................................................................................................................................................9

QUESTION 1
Describe with appropriate evidence, what you consider to be two important global economic
effects of the COVID-19 situation.
The economic damage has been apparent as the healthcare and social toll has risen, and it
represents the world's biggest economic catastrophe in years. The pandemic's current and future
impacts, as well as the long-term financial destruction it has inflicted, are detailed in the June
2020 Global Economic Outlook assessment. The fundamental prognosis, based on consumer
exchange rate calculations, expects a 5.2 percent loss in global GDP in 2020, the largest financial
meltdown in decades, despite government' extraordinary efforts to tackle the problem with fiscal
policy aid. Significant declines caused by the outbreak are expected to leave long-term scars due
to decreased spending, wealth degradation lead to incomplete skills and employment
opportunities, and interruption of multinational bridge distribution networks (Erdoğan, Yıldırım
and Gedikli, 2020).
COVID 19 effect on global financial market: The influence of investing behaviour on
financial markets in the United states throughout COVID-19 This is a quantitative approach in
which data was acquired using primary sources of data, such as a questionnaire distributed. The
investigator used a non-probability cross - sectional survey design to get 337 replies. The survey,
which was predicated on a 7-point Likert scale, was identity. The SEM technique was used to
analyses data, which included CFA and path evaluation to analyze the effect of covariates.
current and possible pandemic implications on financial markets, sectors, and centres, based on
research on banking systems, the governmental linkage, and changes influences the economic
sector after the global financial crisis. We anticipate a slowing in new fiscal legislation, sustained
firm-level restructuring, and an increase in financial-related marketing services. The adoption of
new financial technology is expected to further propel, influencing commercial banking in
particularly, but FinTech firms will not automatically be at the forefront. National and state
economic powers are prone to undergo more difficulties than worldwide financial centres. A
significant shift of economic power to Asia appears improbable, given the crisis and limited
recuperation in financial markets in March and April 2020, which underscored the importance of
the international financial system, with the US$ in the leadership.