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EFFECT OF CORONA VIRUS ON GLOBAL ECONOMY

CHAPTER ONE

INTRODUCTION

Background to the Study

Coronavirus illness is the new moniker for worry right now (COVID-19). This is not only murdering individuals all around the world, but it is also causing an economic downturn that is destroying the country from both ends. Coronaviruses are a family of viruses that infect mammals and birds and cause sickness. Coronaviruses cause respiratory tract illnesses in humans that can range from mild to fatal, such as some cases of the common cold (among other probable culprits, notably rhinoviruses) including SARS, MERS, and COVID-19. Basically, it’s a highly contagious sickness caused by a novel virus known as Covid-19.

The World Health Organization (WHO) has declared a pandemic due to an epidemic of a new coronavirus identified as COVID-19 (also known as SARSCoV-2). The World Health Organization (WHO) has declared a pandemic for the coronavirus known as COVID-19 (also known as SARSCoV-2). The COVID-19 pandemic’s quick ‘globalization’ is something the world has probably never seen before. The COVID-19 virus was initially detected in Wuhan, China’s seventh largest city, in December of this year. Other coronaviruses that the globe has previously encountered include Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS) (SARS). According to research, the outbreak began when workers and consumers at a wholesale market in Wuhan slaughtered animals such as pigs, dogs, rats, civet cats, rats, and snakes (Chen et. al., 2020). After becoming infected with COVID-19,

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