Economic perspective of coronavirus ( COVID ‐19)

Abstract

This study aims to present a quick overview of the novel coronavirus (afterward COVID-19) which triggers from Wuhan, spread approximately 213 countries and territories around the globe, and still currently ongoing. Particularly, we are interested to investigate the economic perspective of COVID-19. This paper uses data from online published articles and current media sources, as the COVID-19 situation is unfolding yet. To deeply explore the said matter, we divide the economic impact into six dimensions that is, Chinese economy, Central Asian economies, South Asian economies, South East and West Asian economies, European economies, Northern African, and Middle Eastern economies. The paper concludes that epidemic situations like COVID-19 severely affect economies around the globe. The basic reasons behind such severity are immobility of labor, reduction in productivity, discontinuation of the supply chain, a decline in exports, uncertainty, and so on. This study is quite important for businesses and policymakers to estimate and plan current and post-COVID-19 situations. 1 | OVERVIEW COVID-19 belongs to the family of viruses that are found in animals and can transfer in humans (Augustine, 2020). COVID-19 was originated from Wuhan, a city of 11 million people and a large industrial, educational and scientific base in China (Ayittey, Ayittey, Chiwero, Kamasah, & Dzuvor, 2020). This horrible story was started from the market in which animals and birds are sold. The initial host of the virus was bat which also contains other viruses of the same family such as Ebola, AIDS, and rabies. But bats were not the only animals sold in

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