write an essay on" impact of covid crisis in world economy".
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The outbreak of pandemic Covid-19 all over the world has disturbed the political, social, economic, religious and financial structures of the whole world. For instance, the lockdown has restricted various businesses such as travelling to contain the virus consequently this business is coming to an abrupt halt globally.While there is no way to tell exactly what the economic damage from the global COVID-19 novel coronavirus pandemic will be, there is widespread agreement among economists that it will have severe negative impacts on the global economy.Many observers, media commentators and analysts have argued that this is a public health crisis of acute nature since governments and multilateral institutions are not ready to forcefully respond to it.However, a few conspiracy theorists declare that the truth behind the coronavirus is that this is not a public health crisis rather a politically motivated agenda to transform the global economy.