Global Business Environment: Impact of Coronavirus on Economy and Legal Structures for Starting a Business

Global business
environment

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Coursework 2a.................................................................................................................................3
Newspaper article.........................................................................................................................3
Coursework 2b.................................................................................................................................5
E-mail Message............................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
The global business environment embraces worldwide, broad environmental factors
which are far from the control or scope of any nation or community. The process can be referred
to the environment within distinct nations along with external factors to the organisational
environment that influences the decision-making regarding the use of resources as well as
capabilities. Businesses are highly influenced by the global environment, that refers to the
uncontrollable international or local connections that impacts how an organisation operates
(Biloshapka and Osiyevskyy, 2018). This report includes two tasks in which the first task is
about a newspaper article which is written for a well-business based on the topic Consumer
Confidence. Another task of this report is about the writing of an e-mail message to a friend who
is thinking to start its own business.
MAIN BODY
Coursework 2a
Newspaper article
This section is related to the newspaper article that examines the latest UK Consumer
Confidence data. The article on topic Consumer Confidence is taken from The Financial Times
which is a newspaper. The chosen aspect on which the article is going to be written is
Coronavirus and its impact on economy.
The pandemic situation of Coronavirus has greatly affected the economy and businesses
in many ways. Restrictions regarding shutting down of businesses because of economic
lockdown has highly influenced the business operations. Limitations on mobility is also a cause
of pandemic situation of Coronavirus that greatly impact the economy. The magnitude of the
recession that is caused by the pandemic situation is unprecedented in the modern era. GDP has
reduced by 9.7% in the year 2020, the steepest drop since the consistent records started in 1948
and became equal to the decline in the year 1921 on unofficial estimates (Brondoni, 2018).
During the first economic lockdown, the GDP of UK was lowered by 25% in the month of April
2020 than it was only two months before February (Consumer Confidence, 2021). The economic
activities picked up over the spring season and summer season of the year 2020 and reflecting
the reopening of the economy of country. The main reason behind it was the rise in the cases of
COVID-19 and further economic lockdowns during the season of autumn and winter. It resulted