Economy

Economy - What are the impacts of Covid-19 on the global economy?

What are the impacts of Covid-19 on the global economy?

The global health crisis has created an endless list of damage. Businesses are slowing down and the global economy is being affected. Covid-19 has affected economic stability and has therefore pushed multiple businesses into a definite hole. We invite you to read this article to discover some of the consequences of Covid-19 on the global economy. Devaluation of currencies The Coronavirus has affected countries' currencies. Indeed, the health crisis has orchestrated multiple damages in the business world. Businesses are no longer functioning well and therefore activities are no longer running. This situation has created non-payment of taxes. The stock market went into free fall. This has caused the devaluation of currencies. The dollar and the euro are not the only currencies used in the...