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An Analysis Of Covid-19 Disease From an Economic Scale

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As you all know the virus effect still lasts at the moment. It is a global crisis, a global complexity. Undoubtedly, it is vital for every country to maintain monetary and financial stability during the outbreak. Yet, It is globally expected a slow-down mode since the spread of Covid-19. The uncertainty that the outbreak has caused is associated with downside effects. In addition to economic stability, demand and supply-side is also being affected. We are observing supply shocks for some goods and a decrease in aggregate demand which is a main component of growth, in particular for some countries. Economic uncertainty is a major concern at the moment. As we see in the stock markets, there is a sharp decrease in this component. Countries where s tock markets play a major role such as the United States, the Euro area, and Japan, all fell and witnessed significant volatility (Adrian, 2020). As a result, an increase in uncertainty, credit spreads have widened broadly across markets