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Coronavirus Impact On Global Economy

Author

Listed:
  • MERI BOSHKOSKA

    (FACULTY OF ECONOMICS – PRILEP UNIVERSITY ST.KLIMENT OHRIDSKI – BITOLA, REPUBLIC OF NORTH MACEDONIA)

  • NIKOLCHE JANKULOVSK

    (FACULTY OF BIOTECHNICAL SCIENCE – BITOLA UNIVERSITY ST.KLIMENT OHRIDSKI – BITOLA, REPUBLIC OF NORTH MACEDONIA)

Abstract

The COVID-19 pandemic is having a severe effects on both workers and employers in different countries and industries worldwide. In this paper we analyzed the impact of the corona crisis on the global economic growth and the main questions addressed here are the effects of corona crisis on the global manufacturing activity and service industry. The research results showed that at the beginning of 2020 when the coronavirus emerged in Wuhan, China and has spread around the world causing a pandemic, it brought the global economy on its knees in a very short period of time. Also, the results indicate that the global economy will take years to recover from the corona crisis. The research is done by exploring of the latest economic analysis related to the COVID-19 pandemic in order to identify its effects on world economy throughout the first half of 2020.

Suggested Citation

  • Meri Boshkoska & Nikolche Jankulovsk, 2020. "Coronavirus Impact On Global Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 18-24, August.
    • Handle: RePEc:cbu:jrnlec:y:2020:v:4:p:18-24
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    Cited by:

    1. Nicolae Ecobici & Gabriela Busan & Irina-Elena Chirtoc, 2021. "Active Measures To Combat The Effects Of The Covid-19 Pandemic In Romaniaby Stimulating The Maintenance Or Increase Of Own Capital," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 82-87, February.
    2. Irina Mihaela Matran & Monica Tarcea & Diana Carmen Rus & Rares Voda & Daniela-Lucia Muntean & Daniela Cirnatu, 2023. "Research and Development of a New Sustainable Functional Food under the Scope of Nutrivigilance," Sustainability, MDPI, vol. 15(9), pages 1-17, May.

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