It has been about three months that the global economy was hard hit with disruption that had not been experience in a long time.
Even the 1929 economic depression does not have negative impacts as the covid-19 economic impact.
Some of the effects of the Covid-19 affected both individuals and businesses. To individuals here are the effects;
1.Loss of livelihood as a result of loss of jobs.
2.Loss of lives. Those that died as a result of the Covid-19 infection.
3.Social Distance. There is a ban on freedom of movement.
4.Threat of everyone to everyone.
To businesses, some went bankrupt even some governments had to run to the UN and IMF for aids.
Most economies are re-opening and businesses are now operating partially.
The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?
When we are talking about the curve flattening , we need to understand that it's not the case everywhere , most of the places are seeing a spike in the cases followed by economic loss in both local and international matters .
We need to take every country as a whole in account, most probably we will see another wave of COVID in US , Where the President is cracking up jokes about people protesting against racism he is just creating problems for himself for the long run , people will continue to come forth to tackle this man , now unfortunately in the US masks and everything are not that much of a necessity for everyday routine and therefore people do skip it .
I do think we will be seeing much more problems in the future because of the way America is being governed, they could just pass a law against racism ! Is that so hard ? This way , it would help both the government by decreasing the cases and people too who are risking their lives everyday .
At the same time we can see the situation in India too , where they are registering the highest number of cases per day , considering it's the second most populated country in the world I do think it will be Preety hard to control it .
The cases are only lessening in Europe , not whole Europe.
We are living in a funny world , first Trump made a wall for Mexicans and the wall is working in the favour of Mexicans only since they are the ones who have to close the borders for Americans due to COVID-19.
The cases are not lessening , what we can positively say is that * we now now much about the virus and most probably will see vaccines and medicines on the way soon .