Economic Fluctuations: The Aftermath of COVID 19 Pandemic

(E-pub Ahead of Print)

Author(s): Saishiv Adithya, Koyeli Girigoswami*

Journal Name: Coronaviruses
The World's First International Journal Dedicated to Coronaviruses


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Abstract:

The COVID-19 pandemic has necessitated focusing on the economic stressors for the welfare of the population worldwide. This pandemic, which has affected individuals globally since January 2020, has caused barriers in the business involving different sectors. The primary sector, i.e., agriculture and food supplies, and the secondary sectors like the manufacturing units, oil and petrol sector, transport sector, travel and tourism as well as the finance industries, have all faced the adverse effect of this pandemic and subsequent lockdown. The different restrictions implemented by the government in most of the countries like quarantine, self-isolation, sealing of national and international borders, a complete shutdown of transport and travel, etc., have disrupted the equilibrium of demand and supply. As an aftermath of such misbalance, the economic conditions in all the sectors have been negatively impacted. In this review, we shall discuss the impact of COVID-19 on the economic condition of different sectors like agriculture, logistics, petroleumbased fuels, commodity market, hospitality and tourism, pharmaceutical industry, and finance industry.

Keywords: COVID-19 pandemic, economic crisis, petrol and oil economy, travel during the pandemic, finance industry.

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Article Details

(E-pub Ahead of Print)
DOI: 10.2174/2666796702666210301124727