The Effects of Covid-19 on International Trade: Covid-19 and International Trade

This book aims to provide early evidence for the effects of the coronavirus pandemic on international trade. This coronavirus causes coronavirus disease 2019 (COVID-19). The World Health Organization (WHO) recognized the pandemic on 11 March 2020. According to the WHO website, as of 16 May 2020, more than 300,000 deaths from COVID-19 have been reported worldwide. To slow the spread of the coronavirus, many countries have imposed some form of restriction on people and businesses. Several countries have declared citywide or nationwide lockdowns. Also, many countries have imposed an entry ban on foreigners. Such restrictions have seriously harmed the world economy. For example, China's economy shrank by 6.8% in the first quarter of 2020. This decrease is the first contraction since 1992 when China began releasing its GDP data. According to the World Economic Outlook, April 2020 by the International Monetary Fund (IMF), the global economy is projected to sharply contract by -3% in 2020.

Author: Tardzenyuy Achileus

Publisher: Independently Published

Publication Date: Mar 04, 2023

Number of Pages: 48 pages

Binding: Paperback or Softback

ISBN-10: NA

ISBN-13: 9798385546312