The Impact of COVID-19 Pandemic PDF

Running head: SOCIOLOGY 1
CPPA101
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SOCIOLOGY 2
Executive summary
The impact of COVID-19 pandemics in Ontario is felt in the economic sector of the
province. The paper examines the impact of COVID-19 pandemics in Canada with a focus on
Ontario citing various proposals and institutions that can be engaged in reducing the impact of
the disease. The effect of COVID-19 pandemics is far reached in Ontario and the wider Canadian
economy. The impact of COVID-19 pandemics has affected most parts of the country within
many provinces affected by the disease. The paper provides a background of the COVID-19
pandemics in Ontario highlighting impact since the first reported case. The paper examines the
impact of COVID-19 pandemics under the category of short term impact giving anticipated
medium term and long term impact. Paper provides some proposals that enable reducing the
impact of COVID-19 pandemics on the economics of Ontario. Another key area that the paper
also gives is the recommendations that can be used to cushion the economy against the impact of
COVID-19 pandemics. The paper concludes by identifying the significance of the effects of
COVID-19 pandemics on the economics of Ontario.

SOCIOLOGY 3
Table of Contents
1. Introduction.......................................................................................................... 3
2. Background.......................................................................................................... 3
3. Impact of COVID-19 on economics.......................................................................4
3.1 Short term impact of COVID-19 on economics..................................................4
Impact of the COVID-19 pandemics on the microeconomics of Ontario...............4
Impact of COVID-19 pandemics on the macroeconomics of Ontario....................5
3.2 Medium-term impact of COVID-19.....................................................................7
3.3 Long term impact of COVID-19..........................................................................7
4. Proposals.............................................................................................................. 8
4.1 Cushioning of the economy against the impact of COVID-19 pandemics..........8
4.2 Institutions engaged........................................................................................ 10
5. Recommendations............................................................................................. 10
Conclusion................................................................................................................ 11
Reference................................................................................................................. 12

SOCIOLOGY 4
1.Introduction
The COVID-19 pandemics have both financial and economic effects on the lives of
people within Ontario and Canada. Since the outbreak of COVID-19 pandemics in Canada report
in late December 2020 the disease has spread to more than 157 countries. Canada is one of the
countries affected by the disease since the reporting of the first case in January 2020. Ontario
province has also suffered from the impact of COVID-19 pandemics that cut across health,
economics, education and security. Economics of the province is highly affected by the COVID-
19 pandemics causing short term, medium-term and long term impacts. Businesses have been
affected by the disease due to a reduction in the flow of commodities in and outside the country.
The government reacted through some measures to curb the further spread of the diseases. Some
of these measures have a negative implication on economics. Some proposals can help curb the
spread of the disease and impact of the COVID-19 pandemics on economics in Ontario. This
paper, therefore, explores the short term impact of COVID-19 pandemics citing possible medium
and long term impact of COVID-19 pandemics on Ontario.
2.Background
COVID-19 pandemics have hit hard most countries throughout the world and Canada is
also not spared. The disease that was first reported in China late December has since claim live
of thousands and infected hundreds of thousands. The COVID-19 pandemics were first reported
in Canada on 25th January 2020. Different governments have reacted or responded to the
situation through strict measures. The majority of measures taken by the government aims at
reducing the spread of the disease and treatment of the infected people (Levine & McKibbin,
2020). Some of the measures that have been taken by the government to reduce infection are
restrictions on travelling, movement of commodities in and out of the country, increasing social