Yes, economic shock and shutdown all worldwide.

Thanks dear Chuthamar Suwanmani

Thanks for sharing, dear Lilian Mboya

It's another important issue sir, Dr. Hermann Gruenwald

It is logical that a contraction in economic growth has been generated or is going to be generated worldwide, because of this Covid-19 situation. We must remember that the policies to control the virus, have affected both the production (supply) and the demand for goods and services, therefore, the short, medium and even long-term effect is a global economic contraction. In this scenario, governments play a determining role in preventing increases in the poverty levels of the world population.

Thanks for your nice sharing dear Rober Alexis Núñez Barrero

Thanks for nice sharing, dear Amit Naik

Yes, there are adverse impacts on developed and emerging economies across the world...and across equity, commodity, currency n other markets alike...unemployment has risen as the production as been declined whilst global trade activities have also been reduced...

Thanks for nice sharing D A Gayan Nayanajith

There are lots of things we do not know about COVID 19, like the fact that for some governments and local authorities this became an opportunity to be corrupt and steal more.

I will give you a few examples from Romania: The EU countries received lot of financial support to overcome the crisis, and that motivated the authorities to fake lots of tests and present the situation as it is worse to absorb all the money and not return them to the EU. People working in the hospitals are mad because the hospitals are taking asimptomatic persons in intensive therapy just because the hospital receives help from the EU of 100 euros/ day for an internated patient. Lots of cases of asimptomatic people that did not transmited the virus to their wifes/ husbands, etc.

Than we have the hudge campaigns for masks, desinfectants, gloves etc. for which the governments have paid hudge money to the media. With that came different political messages, (in many countries thys year is for the elections), so the media that received the money for the campaigns did not questioned the governments decisions, they practically worked for the government.

Than by analyzing the information the media published, it was not complete: nobody said that a virus size is of 120nm, meaning 0.0000012mm. Meaning that the usual masks had no chance to protect anybody from the virus, just in the symptomatic cases, when people are sneezing, the usual masks do not alow the spread of all sneezed particles. So, if you are a healthy person, if you use an ussual mask it won't protect you from the virus because the space between mask seem is much larger than the virus size.

Than the gloves, they have a surface on which the virus survives as on the normal surfaces, if people did not ware them propperly, and removed them immediately after the use, they could have caused even more damage because of that instinct of safety the idea of woring gloves provide.

What I am saying is that indeed COVID 19 is not something we can joke about, it really does affect the persons with a bad health situation, but we must watch the governments preety close, to avoid their abuse of power in the future and other problems that can appear because of the incomplete truth they presented to us.

Yes, I agree with you dear Gavrilov Doina and thanks for nice sharing.

Sometimes faulty distribution and poor management can cause more crisis than the original one. Thanks again dear Gavrilov Doina

More than 50 million jobs destroyed in April, an unemployment rate at the highest since the 1930s: the new coronavirus does not stop destroying the world economy.

In the United States, nearly 20.5 million jobs were lost in April, unheard of in such a short time, and the unemployment rate jumped to 14.7%, the highest since 1930s, according to data from the Labor Department.

In neighboring Canada, unemployment reached 13% in April, 5.2 points higher than in March, the largest monthly increase since 1982, according to the National Institute of Statistics.

Worldwide, more than 271,000 people have died and the United States is by far the most affected country, with nearly 77,000 dead, 1,635 of whom in the past 24 hours, according to university counts Johns Hopkins.

In Europe, the pandemic has killed more than 150,000 people. The United Kingdom has crossed the 31,000 dead mark, Italy has a thousand fewer. This is followed by Spain (26,299) and France (26,230), according to a balance sheet drawn up by AFP based on figures from official sources, most likely underestimated.

All these elements show us that the Covid-19 caused more damage than the Tsunami. We can therefore say that the world economy is collapsed by more than a hidden tsunami of COVID-19.

Thanks for nice sharing and yes it's beyond calculation dear Ben Boubakary

Worse might come if we do not have good policies right now for employment and education.

Thanks dear Sule Akkoyunlu

following

You can share too dear Mohammed Ali Bait Ali Sulaiman

The current COVID-19 pandemic has generated political, educational, social and economic changes around the world, in order to promote discussion, especially in the economic sector, we share the following manuscript.

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

Thanks for nice sharing dear Jorge Andrés Sánchez-Duque

In my opinion, coronavirus is not as serious as it sounds. I think that all restrictions must be lifted quickly and economic activity returned because the poverty, hunger, and starvation that could result from it would be more dangerous than the virus itself.

Thanks for your sharing, dear Atil Assia . Global deaths are more than half a million officially. USA has to sacrifice more than 125,000 lives so far. Is not it serious?

Death rate in EU countries is more than 10% and Brazil has lost its total control with more than 1.4 million cases. When it will be serious, dear Atil Assia ?

Dear Muhammed Ashraful Alam

Sure, 1.4 million cases seem to be significant, but let us not forget that Brazil is a nation with a population of more than 200 million. The pandemic is spreading very rapidly, yes, I completely agree, but maintaining the sustainability of economic activity remains the only insurance for the safety of the population.

There are families without daily employment, and there are many who are losing their jobs. You are an economist and you know that economic recession affects all sectors, causes crises and conflicts which can take years to resolve.

We need to trade off between life and economy dear Atil Assia and every life is precious. We need food and we want to free from Corona too. We can survive 2-3 months with minimum food but if we show any relaxation then Corona crisis will take us further down. Pandemic is roaring in USA only for early reopening plan and their relaxed behavior. They can afford it but we can not afford further.

thanks for your clarification dear Muhammed Ashraful Alam . I don't mean to let people die and ignore them. I want to make it clear that, in the absence of an effective vaccine, total confinement, which is the most a country can do, may not be effective. People should continue their work and work in alternative ways (through the Internet, wearing masks, avoiding gatherings, etc.). The problem is that it is difficult to isolate people inside their homes, even the most developed countries have not succeeded in doing so.

Behavioral change takes time at least theory says like this. It's our responsibility to protect us but we forget to do this. We can not live in fear of Corona for such a long time and we have to find out our way to maintain our safety and security. That's why we need to trade off between corona and economy, dear Atil Assia and thanks for nice sharing too.

Thank you for all the information dear Muhammed Ashraful Alam. I wish all people were safe.

I totally agree with the statement, 'Global economy is just collapsed by a hidden tsunami of COVID-19 '. Yes, it is but the only saving point is how quickly we are overcoming with it. For that, I agree with Atil Assia that with precautionary measures everybody starts working towards their work and not let the Covid destroy us. Though this pandemic have taken many lives that do not mean we should stop working. We need to open our commercial premises in a systematic way and think of alternative measures to revive the economy. For country like Brazil and India, it is a huge setback but there are opportunities too in post covid scenario where hatred towards China started and many US and European companies would like to shift their base to other countries.

Moreover, I like the discussion above between Atil Assia and you ( Muhammed Ashraful Alam ).

Thank you

Thanks for sharing dear Dr. Madhur Raj Jain

An interesting manuscript recounting the economic impact of the COVID-19 pandemic, especially in low- and middle-income countries are described in the following manuscript, greetings

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

Thanks for sharing sir Jorge Andrés Sánchez-Duque

Very true and grave situation.

We a group of mathematicians and statisticians have modeled the impact of different macro economic parameter on the consumption pattern and stock market for different businesses in a country. to predict the growth and recovery path and pace for businesses overall.

Macro economic factors like GDP, unemployment rate, repo rate, etc.. and its impact on economic recovery is critical.

We have built multiple ensemble models to analyze the impact of Pandemic (increase in infection rate, mortality rate, spread, peak) on macroeconomic parameters, which in-turn will impact stocks and commodity sales. Hence used simulations then to predict the impact of different businesses and their recovery pattern at national and market levels.

Used techniques like nowcasting and DSGE

Article 3Ps- Path, Pace and Pattern of Recovery from COVID-19 for Di...

Thanks for sharing dear Snigdha Gupta

We are all in this together. Lets use our research to get some answers!