The Global Socio-Economic Impacts of COVID-19

The COVID-19 pandemics ( though slowing down in the country of origin China with positive signs of recovery including China’s Hubei province to lift travel ban (; is still spreading enormously and continuing to grow around the world ( with major calls for extreme measures worldwide ( including for example total lockdown in India ( However, there are also interesting views that the COVID-19 pandemics will not last for more than few months ( though this has been criticized by other researchers especially with fear that information on COVID-19 may suffer manipulations ( or the leaders have prioritised restarting the economy over decisively containing the virus ( Amid the enormous reporting on COVID-19 there are ongoing socio-economic impacts of tectonic scales on all sectors worldwide (, e.g. the stock markets, banks, oil and gold prices, travel industry, industrial production including cars, hotels, restaurants and other services. Such impacts will still cause an increasing negative economic spiral on downstream activities and businesses. These trends have triggered several actions by governments around the world to mitigate the ongoing negative socio-economic impacts, e.g. the two trillions stimulus package in the US to businesses and workers forced to shut their doors and relief to American families and hospitals reeling from the rapid spread of the disease and the resulting economic disruption (

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