https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/

Official publications say the US growth rate has been slowed down by 12%. Any other news in this regard?

Singapore - estimated to contract by between -4 and - 1. Estimates at this stage Dr-Ahmed M. Al-Baidhani د. احمد البيضاني

https://www.straitstimes.com/business/economy/coronavirus-circuit-breaker-extension-brings-new-round-of-downgrades-in-growth

Mozambique have estimated tha the GDP will slow down from 4% to 2%

Thanks everybody for your responses.

Economies such as Nigeria that rely on revenues from crude oil are

already affected by the declining global crude oil prices due to COVID-19 outbreak.

Sure, Folusho. Do you happen to know how much is the effect on the Nigerian economy?

Some sectors like travel and Tourism and hospitality will take a big hot. Others will recover quickly.

Please read the following articles.

Also please check this article.

Thanks a lot, Emmanuel and Bita.

To encourage discussion of the economic impact generated by the SARS-CoV-2 virus, and the control measures taken at the international level, we invite you to read the following article.

Economy or Health, Constant Dilemma in Times of Pandemic: The Case of Coronavirus Disease 2019 (COVID-19). Journal of Pure and Applied Microbiology, 2020. DOI: 10.22207/JPAM.14.SPL1.07

Article Economy or Health, Constant Dilemma in Times of Pandemic: Th...

https://www.euronews.com/amp/2020/05/20/coronavirus-how-much-is-the-world-economy-expected-to-shrink

https://www.cnbc.com/amp/2020/04/24/coronavirus-pandemics-impact-on-the-global-economy-in-7-charts.html

https://news.un.org/en/story/2020/05/1064032

Thank you, Jorge and Bita, for your inputs.

According to McKinsey & Company as of yesterday: The gold-mining industry and its workers have been negatively affected by the pandemic. Production and costs in general could slow down the progress of the relevant profits. Any comments?

Unfortunately, the SARS-CoV-2 virus has greatly impacted many businesses on global level...

Dear Anton,

Could you please elaborate!

Coronavirus: A visual guide to the economic impact:

https://www.bbc.com/news/business-51706225

@Anton Vrdoljak, Thanks.

The economic impact of the SARS-CoV-2 (Covid-19) coronavirus pandemic is very large. In the first half of 2020, and especially in the second quarter of 2020, the impact of the SARS-CoV-2 coronavirus pandemic on the economies of individual countries and, consequently, on the global economy was very large. It was mainly a negative impact, which caused a decline in economic activity, a decline by several or several percent. GDP, increase in unemployment, increase in the debt of the public finance system, etc. On the other hand, the effects of the pandemic also had other, not only negative, nature, such as increased digitization of the economy, decrease in the use of raw materials in manufacturing processes and in the energy sector, and a decrease in environmental pollution. Perhaps the SARS-CoV-2 coronavirus (which causes the Covid-19 disease) pandemic is currently entering a second wave of the pandemic in many countries. Perhaps this second wave of the pandemic is caused by a different, mutated type of Coronavirus. The second wave of the pandemic that started in Europe in September is reportedly being caused by a weaker, mutant version of the G614 Coronavirus. The new version is less lethal but 10 times more contagious. The economic impact of the second wave of the pandemic and possible subsequent waves of the Coronavirus pandemic will be much lower than during the second quarter of 2020, because in most countries public debt has risen to record levels and countries can no longer afford to re-introduce a large-scale lockdown of the economy. On the other hand, a significant decline in economic growth will continue in many countries for at least a few more months. However, how long the economic crisis or a significant economic downturn will last depends on many factors, including, inter alia, the scale of the pandemic's development, the scale of citizens' compliance with anti-pandemic and sanitary safety recommendations and instruments, the scale of the pandemic's impact on economic processes in individual sectors and branches of the economy, applied anti-crisis instruments of interventionist socio-economic, budgetary, fiscal, monetary policy, etc., financial consequences, including the scale of public debt increase in the public finance system of the state due to the activation of the aforementioned anti-crisis state interventionism; maturities of government bonds and the type of domestic and international financial markets on which the securities are secondary traded; the role of central banking in the handling and purchase of these securities, which were used to finance certain anti-crisis instruments of interventionist economic policy, etc. The above-mentioned issues are still relevant (October 2020), as the second wave of the pandemic is currently developing dynamically in many countries. The number of new infections increases rapidly with each passing day. Successively, further anti-pandemic and sanitary safety instruments are being reintroduced. Perhaps there will be another lockdown of the economy in the fall-winter period if the number of infections continues to grow rapidly in the coming weeks. I conduct research on this issue and invite you to cooperate. Best wishes,

Dariusz Prokopowicz

Dariusz Prokopowicz, thanks a lot for your input.

In our paper, we documented the effect of covid-19 on many sectors of the global economy. Please find attached.

Peterson K Ozili, Thank you so much for your paper.

Currently (March - November 2020), the significant impact of the SARS-CoV-2 (Covid-19) coronavirus pandemic on the economies of individual countries and the global economy will gradually decrease. A light appeared in the tunnel. Finally, a highly effective Coronavirus vaccine has been developed. So perhaps the current wave of the pandemic will be the last wave of a pandemic with such a large impact on economic processes. Well, perhaps soon the problem of the SARS-CoV-2 (Covid-19) coronavirus pandemic will be essentially resolved. Well, finally, there is positive, long-awaited information regarding the creation of a vaccine against Coronavius. Well, on November 9, 2020, the pharmaceutical company Pfizer cooperating with the German biotechnology company BioNTech announced that in the next few weeks, the production of a highly effective (90 percent effective) large number of doses of the vaccine may begin, which will be delivered to many countries around the world. Research work is nearing completion. The final test phase 3 ends. Many countries have declared that they will buy this vaccine. A significant number of countries, including the European Union, have already signed an agreement with this company to purchase a large number of doses of this vaccine in 2021. Perhaps at the end of 2020, the first part of the production of this vaccine will go to many countries around the world. Of course, it will not be all clear up until a few months, when a significant part, perhaps the majority of the world's population is vaccinated. It remains to be seen whether the current wave of the pandemic will be the last wave of a pandemic with such a large impact on economic processes. The information about the creation of a highly effective vaccine was positively received by investors operating in capital markets, including stock markets. This can be read as a positive signal, perhaps, of the beginning of the end of the current (November 2020) serious economic crisis affecting many countries. Of course, there are still many questions that we don't know the answer to. I have formulated these questions in this RG discussion forum on the potential economic effects of the development of the SARS-CoV-2 (Covid-19) coronavirus pandemic. The topic is still developing and will probably still be an important factor determining economic development in many countries until at least mid-2021.

Best wishes,

Dariusz Prokopowicz

The effects of the pandemic have been devastating e.g employment loss, inflation, reduced social interaction, boredom, stress etc. All in all things have not been easy. The livelihood of the citizenry is generally disrupted......