CORONAVIRUS PANDEMIC AND ITS IMPLICATION ON GLOBAL ECONOMY

Oyinlola Abodunrin, Gbolahan Oloye, Bola Adesola

Abstract


COVID-19 also known as coronavirus, the pandemic today is not only a health issue. Its impacts cut across all levels of society causing important consequences for social, economic, education, political and human security. The objective of the study is to take a critical look into how COVID-19 has affected the global economy and identify some of the measures that can be adopted in curbing the further spread of the pandemic. It was revealed that, the pandemic in no small measure has caused a serious setback to the economic growth and development globally. The study therefore recommends that, palliative measures should be put in place for everybody; this will help in reducing the economic hardship been experienced as a result of this pandemic.


Keywords


Coronavirus, Pandemic, Global Economy, Economy

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References


Nouriel Roubini, Coronavirus pandemic has delivered the fastest, deepest economic shock in history, BBC News

Abodunrin, O., and Joshua, S. (2017) “HIV/AIDS as a threat to Human Security: Understanding State Policy Intervention in Nigeria” Paper Presented at the 2nd Conference on General Studies Programme, held at the Redeemers University, Ede, Osun State. May 30 – 31,

Abodunrin, O., Joshua, O., and Omole, F. (2017) Implication of Militancy on the Economic Development of Nigeria. Nigeria Journal of Management Research. Vol 11 NO 2

Aljazeera

BBC News

Lora Jones, David Brown & Daniele Palumbo. Coronavirus: A visual guide to the economic impact. BBC News. 28 March 2020.

https://www.theguardian.com/business/2020/mar/17/how-best-to-fight-the-economic-impact-of-the-coronavirus-pandemic


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