write an article on the topic covid-19 vs global economy
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Answer:
COVID 19 is not only a health crisis, in has badly affected the Socio economic fabric of different countries on different levels.
The economy on global level has been badly hit. Since the transportation, be it air or surface, was completely restricted and the people were subjected to lockdown, the factories came to a standstill , travel industry was directly hit ,consumer goods industry suffered a set back. In a nutshell all the sectors of global economy took a beating.
In recessive economy the family system is always under stress because of loss of jobs,reduced economic activity and underlying insecurities. For example when an individual loses his job very suddenly everything in his family comes to a halt. Like wise because of social distancing norms and related compulsions, the people have not been able to visit their elders, relatives and parents.
Perhaps never in the history of modern world, the social setup has been negatively impacted on such a large scale.
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