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Apart from affecting hundreds of thousands of people, the COVID 19 outbreak is also having a growing impact on the global economy.

Dear Dr. YOGESH CHANDRA TRIPATHI ,

Thank you very much for your valuable reply and useful information.

aviation

Civil aviation is a high maintenance industry requiring adequate cash flows for operations and airlines are worried about the shrinking numbers that have forced them to shut down some routes.

reduction in the tax on ATF — especially the excise duty that is in the domain of the Union government to bring it on par with the tax rates applicable to UDAN (Ude Desh ka Aam Naagrik) scheme routes. At present, the Centre levies 2% excise duty on ATF under the UDAN scheme, compared with 12% charged on other carriers. The airlines are seeking such a remedy since “automatically their operational costs will come down,”

Dear Prof. Acharyulu!

This is an essential question. I consider the sector in focus is: HealthCare. This sector is under huge pressure all over the world in many places authorities struggle with limited resources. At the same time doctors, nurses and other healthcare professional are getting ill in many instances and crucial up-to-date knowledge on the virus on the field might get lost. I think the remedy is extensive investments into digital e-learning solutions and intensifying research helping supply chain disaster relief operations. A BrightTALK-summit on these topics could be a path toward the solution: On April 24 2020 there was already a summit on

1) "Coronavirus: Mitigating the Business Impact"Available at:

https://www.brighttalk.com/summit/4588-coronavirus-mitigating-the-business-impact/?utm_source=brighttalk-growth&utm_medium=social&utm_term=bi-insights&utm_content=LI-group&utm_campaign=linkedin

In addition there is a new event on its way scheduled to take place the 1st of May:

2) "Back to the Office – Or Not? Next Steps in Pandemic Technology Response"

Available at: https://www.brighttalk.com/webinar/back-to-the-office-or-not-next-steps-in-pandemic-technology-response/?utm_source=brighttalk-growth&utm_medium=social&utm_term=bi-insights&utm_content=LI-group&utm_campaign=linkedin

Yours sincerely, Bulcsu Szekely

I think the biggest sector that will be affected will be tourism industry and oil industry. The leap in oil results in crash of the oil industry. Countries like Nigeria and Iran are major effectees.

Dear Dr. Sunil Kumar ,

Thank you very much for your valuable reply and useful information.

Dear Dr. Bulcsu Szekely ,

Thank you very much for your valuable reply and useful information.

Dear Dr. Munira Tharwani ,

Thank you very much for your valuable reply and useful information.

Dear Dr. P. Contreras ,

Thank you very much for your valuable reply and useful information.

I have conducted small research regarding this question. I performed a panic study in comparison to virus spread and its impact on the global economy, and I can tell you this, it's not looking good. The panic study shows that even after the virus is eliminated (if eliminated), people will have a hard time adjusting with the aftermath. Due to constant fear now, the same fear will affect them psychologically later while working and in mass gatherings or any place where there will be more human physical interaction.

Economically, this panic spread can produce very bad effects like decreased commodity production causing supply-chain disruptions and many more. Economic depression in certain countries is also a likely scenario. Think of this as an after-shock of an earth-quake, except in this case it will have a global impact. Now we ought to work on the padding so that when this after-shock hits it hurts less.

Dear Dr. Somyajit Chakraborty ,

Thank you very much for your valuable reply and useful information.

As such COVID19 will have a widespread impact on everything related to human being including social relationship. However, in terms of economy, it will have significant impact on hospitality, tourism, and manufacturing (especially, MSME). Reason attributed to it could be altogether changed perceptions due to the characteristics of the disease. The loss to the business of manufacturing sector and capital deficiency.

The government need to come out with better plans along with fuelling money into the sector.

Dear K.V.L.N. Acharyulu ,

Many economic sectors were affected by this virus, especially oil, and this is clear due to the sharp drop in the price of a barrel of oil.

Reagrds

Printing press are expected to work at huge scale under QE (like in Poland, for instance), some money may be dropped from the helicopter. The truth is that we already try to combat against sth we cannot estimate - the size of economic drop depends on the spread of COVID-19 and eventual vaccine to be developed. As one Colleague mentioned, even after elimination of coronavirus, people would need some to go back to normal life and patterns of social interactions. Things will never be the same.

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