IMPACTS OF COVID'19 ON ECONOMY

ECONOMIC EFFECTS OF CORONAVIRUS

We all are fighting with the outbreak of coronaVirus  (COVID-19), It is sad to say this disease is prevalent all over the world causing the loss of lives on a large scale and damaging disorder at economical level.As Pakistan is an under developed country and its economy is already on a peril and the coronavirus is bringing the world economy to a dead stop .It can crush our economy as it is destroying  human body’s immune system.

• coronavirus (COVID-19) has become a threatening mark in the footstep of development.Pakistan is an argo based country and have ability to feed many neighbouring countries too but the increase in prices of regular items like wheat and sugar which have also recently gone short in supply is the main reason of inflation.
• Major shifts in Assets (stock markets) where shares in companies are purchased and sold affecting individual savings accounts.
• Globally a number of flights have taken a huge hit which are causing major problems for import and export because the government persists with the travel restrictions to control the virus.
• Restrictions are having huge impacts on the supply chains of big companies.
• Supermarkets reported huge demands of items like Sugar, Flour and other goods as Customers are Pile stocking food items.

Through hard work and education,we can deliver a strong economy and opportunity for all  

Drop other impacts of COVID'19 on Economy