Impacts of Covid -19 in Global Economy in various industries and other financial services

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Galilone Anandhi.P, Pooviarasi.M1, Amalthi.P

Abstract: Globally, the COVID-19 pandemic has not only affected the public health and social life but also has deeply affected the economical standards of countries. This study demonstrated the various aspects of post-COVID-19 pandemic effects over the economic phases worldwide. And contented with how lockdown have reasonably influenced the GDP of each nation in the substantial economic aspects. Traders who were completely dependent over the transportation system have been affected due to the stoppage of logistics. This aimed to clarify about how industries have been dealing with severe cash flow issues that has become bane to the developing countries. Attempted to study about the growth of cashless economy, bit coins and crypto currency during lockdown and post-pandemic period. And focused on how some of the industries (Pharma, Telecom) which has been on the rise during the initial and post pandemic period which also become a boon factor to the nations in such a desperate time to save the economic affluence. Economy of various nations has faced the issue of increased joblessness due to the unexpected challenges created by pandemic. Concluded with the policy recommended action to boost the productivity and GDP per-capita during these post pandemic consequences. Knowledge about these challenges provides an important background for analyzing the impact of the pandemic on the global economy, predicting the policy measures in combating the pandemic and reviving the global economy.

GDP, Economy, Post-Pandemic, Industries