The coronavirus disease 2019 is a new pandemic that spreads primarily through contact with an infected person when they cough or sneeze. The outbreak of COVID-19 is starting in China then spreading to worldwide that contributes to large number of deaths (40,598 deaths, 1 st April 2020). The COVID-19 is a disease causes respiratory illness with symptoms such as a cough, fever, and in more severe cases, difficulty breathing. To preventing spreading of this pandemic, many countries implementing lockdown procedure to stopping the chain of infection for this new disease. The government-ordered lockdowns have disrupted life for billions and in the same time creates economic collapse scenario. The country with the most COVID-19 infections reported a record surge in unemployment. Therefore, this research calculates the effect of COVID-19 to tourism industry for affected countries in the worldwide. This study evaluated the impact using supply and demand curve to detect the economic changes in tourism industry. The result shows COVID-19 CREATES panic among public that contributes to lower demand in tourism industry. This is one of effect because of disease spreading including lockdown approach that implemented in current situation. This scenario, contributes to lower demand price by customer. Therefore, according to market equilibrium of supply-demand theory, the price of tourism sector is keep decreasing parallel with decrement in demand. The finding of this study is very important to government in preventing and stopping decrement demand in tourism industry. The government need to introduce a mechanism that economy and in the same time developing anti-virus for COVIC-19. If the action of prevention is not mange properly, the tourism industry will face more decremental effects that creates economic collapse.
As 20 January 2021, there have been 94,963, including 2,050,857 deaths, reported to World Health Organization (WHO). The outbreak of coronavirus disease creates significant impact to economy activities in worldwide. Most economic sectors including tourism industry facing with difficulties during the outbreak of COVID-19. The COVID-19 outbreak creates negative effect and slow down all economic activities in worldwide. This disease spread easily that transmitted through droplets generated when an infected person coughs, sneezes, or exhales. Therefore, in surviving for global economy, a few pharmaceutical companies developing vaccine to cure the disease. Vaccines function by training and preparing the immune system of human body, to recognize and fight off the target viruses and bacteria. If the body is exposed to those disease-causing germs later, the body is immediately ready to destroy them, preventing illness. This paper analyzed the demand-supply of COVID-19 vaccine towards price and quantity. Result shows the increments in demand for vaccine, creates increments in price of vaccine. The finding of this study is important for policy maker to develop proper strategy in monitoring vaccine implementation including the price behavior.
The coronavirus disease COVID-19 spreading throughout the worldwide with the total confirmed affected cases is 96,658,420, including 2,092,062 deaths, reported to WHO on 23 rd January 2021. These numbers proved that COVID-19 become most affected virus in year of 2021. This virus affected all market segments of economic activities including banking and finance industry. The objective of this study is to evaluate the economic impact of COVID-19 outbreak towards banking and finance industry. This study selected two market indices (S&P500 and KLCI) for analyzing economic condition in equity market. Then, this study selected three banking institution for validating the finding for economic condition during outbreak of COVID-19. Result shows outbreak of COVID-19 give negative impact towards economic condition for banking and finance industry. The findings of this study will help practitioners and government body in developing finance policy to combating the current economic situation. Further study can be extending to analyzing the effectiveness monetary policy towards recovery of finance situation after COVID-19 outbreak. Furthermore, the finding of this study also will help banking institutions to develop more customer-friendly interest rate in overcoming this economic situation of
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