The covid-19 badly effect the economy of Pakistan

 

The covid-19 Pandemic has had far- reaching consequences beyond the spread of the diseases itself

and efforts to quarantine it. As the SARS-COV-2 virus has spread around the globe, concerns have

shifted from supply- side manufacturing issue to decrease business in the services sector. The

pandemic caused the largest global recession in history, with more than a third of the global

 population at the time being placed on lockdown. In turn, it caused the largest and worst civil unrest

in the United States history since King assassination riots in 1986, which worsening economic impact

 caused by pandemic since it contains extensive  property damage.


 good to fight the pandemic, and disruption to factories and logistics in mainland China. There have

been instances of price gouging. There have been widespread reports of shortage of Pharmaceuticals,

 with many areas seeing panic buying and consequent shortages of food and other essential grocery

item. The technology industry, in particular, has been warning about delays to shipments of electronic goods.

Global stock markets fell on 24 February 2020 due to a significant rise in the number of COVID -19 

cases outside mainland China. By 28  February 2020, stock markets worldwide saw their largest

single- week declines since the 2008 financial crisis. Global stock markets crashed in March 2020,

with fall of several percent in the world's major indices. As  the pandemic spread, global conferences

and events across technology, fashion, and sports are being cancelled or postponed. While the

monetary impact on the travel and trade industry is yet to be estimated, it is likely to be in the billions and increasing.