The Future of Global Economy Post COVID-19
The new type of coronavirus - Covid-19, started from China but now threatening the whole world by spreading rapidly as well as continuously, endangering human lives. But, the long-term results of coronavirus outbreak that hit the global economy seem to shake political and economic balances in many countries. The pandemic, which postpones international travel and stops production wheels, causes shock waves in the markets. It’s a fatal health problem, which caused significant economic breakdowns and shook the global financial system gravely. In addition to supply and demand shocks, there is a high fluctuation in the financial markets. Economic life, especially in the US and Europe, has stopped because the pandemic affected the supply and demand fronts simultaneously. Since the Second World War, the world has been facing grave economic recessions, and there has never been a time when all these imbalances were experienced so harshly at the same time. Unfortunately, this dangerous sce...