COMPARATIVE ASSESSMENT OF ECONOMIC GROWTH OF PAKISTAN DURING COVID 19

Abstract

- A novel pandemic of COVID-19 is the biggest crisis for the whole world after the Second World War. This Covid-19 created potential risk not only for the health of the people, but also for the global economy. Now a days Covid-19 became the global issue and became the reason of destruction of the global economy. This pandemic has affected not only the human life, but also the economy of all the countries so badly and caused the global economic recession. This pandemic affected the all aspects of our life. It has been disturbed the overall economy of countries, with this it also affected the social life of people. The purposes of this review article to discuss the impact of Covid-19 on the global economy as well as on different industries like production industries, services industries, financial markets and how it affected the oil prices at the global level. This study also aims to discuss how Covid-19 has affected the economy of Pakistan. Covid-19 has turned the world upside down and also changed our way of life. It has been affected all sectors of any economy. Covid-19 affected the businesses and creates unemployment, which is the most alarming thing for the economy. It affected the production sector, the services sector, health, education, travel and financial market. This is the review article that concisely discusses the recent reports and discussion about this pandemic and tries to make some implications according to these reports and discussions.