Effect of Corona Virus on Global Economy and International Business Essay 2022

Running head: ESSAY 0
GLOBAL ECONOMY
EFFECT OF CORONA VIRUS ON GLOBAL ECONOMY AND INTERNATIONAL
BUSINESS
APRIL 15, 2020
STUDENT DETAILS

ESSAY 1
In the current period, Covid-19 has been spread across China, Europe,
Middle East, and other nations. The international financial markets reacted
intensely while corona virus spread to most of the nations of the world. The
worst thing is that this disease in spreading quickly all over the world. Now
Covid-19 is declared as global pandemic. The financial effects of corona virus
can be seen everywhere in the world. The main issue is not only the number
of matters of this disease, but the level of allocation to the economy from
controlling measures. The spread of Covid-19 has left business in the
world counting cost. The occurrence of COVID-19 is a disaster for human
beings. It has increasing impact on global economy. In the following parts,
the effect of Corona Virus on international business as well as global
economy is discussed and critically examined.
Corona virus has killed more than thousand people. To stop occurrence
of Covid-19, many nations have started applying toughest measures. Various
countries are following strict lockdown. It stopped industrial manufacturing
chains. It can see that COVID-19 pandemic is distressing almost all the
businesses internationally. According to the economic data, the social
distancing is affecting consumer’s spending. It can say that it would have
knock down effect on the business investment. Additionally, it can also see
that COVID-19 has broken the large economies of world in near hibernation.
This global pandemic is adversely affecting evolving markets all over the
world. Considering the empty restaurants as well as cafes (if ventured out