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Impact of COVID-19 on global trade


mesi.asf

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COVID-19 pandemic has been hindering the process of globalization since its breakdown. Not only it effected health system, it severely damaged international economic system. Individual quarantine, National Lock-down and international isolation strategy broke the mere backbone of global trade. Stock markets are facing facing loss of trillions of US dollars. Companies like Latam Airline, Hertz, Stein Mart and Sunex International are in great financial trouble.

These are few negative impacts of corona pandemic on globalization. Do you have any counter argument?

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  • 7 months later...

The pandemic took a toll on almost all business transactions globally. Small to big enterprises laid-off employees, postponed their business events, canceled the bonuses they were supposed to give to their employees, and some were compelled to close down. Imagine all businesses in the world going through these challenges. The global trade is severely hit and it would take time before it completely recovers. 

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