COVID 19 is suppressing many economies around the world. This has lead to another economic recession which is worst than the great depression during the 1930s. Many countries have lost trillions of dollars because of this crisis. Many nations have felt a loss and decline in trade for the year 2020.
We are uncertain when things go back to normal. This will solely depend on several factors like the characteristics of the virus itself, how the public health and government respond to the crisis, and interventions to address the decline in the economy. With nations experiencing another wave of the virus they have been forced to freeze social and economic activities to control the spread of the virus. Because of this major companies and businesses such as Airlines are forced to close and some are on the brink of bankruptcy. But despite this businesses are working hard to come back. They have chosen to implement some changes in their companies in order to avoid any disruptions or unemployment. They are working hard to get back on track even with the virus still around.
Many nations are also taking some measures to power up their economy at this time of the Virus.