Implication and Analysis of Post-Pandemic Shift in Global Economy: Socio-Economic Factors and Future Trends

Citation

Hussain, Tariq. (2021). Implication and analysis of post-pandemic shift in global economy: Socio-Economic factors and future trends. (Master Independent Study). Bangkok: Siam University.

Abstract

This study paid emphasis on the given potential for a worsening of the Pandemic that was the most common complication for the year 2020. The study analyzed the impact of Covid -19 on the global economy in the case of both social and financial global factors. A documentary research format was utilized focus on how countries were impacted financially and socially by the pandemic and post- pandemic crisis, and the forseen future in terms of global economy. By looking global economic statistics, it was very evident that the impact of the pandemic damaged the global economy adversely. The suggestions and results showed that this infectious disease brought a significant global economic and financial burden on countries and their governments. Global economics, which was mostly driven by socioeconomics, political, environmental and other financial matters had been at risk and were being dominated by the pandemic. The co-relevancy of global economy was significantly impacted global resources. A major portion of global resources were being allocated to combat this menace, which in turn was diluting the significance to other global factors. This paper emphasized on the factors highlighted to show post pandemic global challenges and trends. The COVID-19 pandemic had delivered a shocking blow to an already-fragile global economy. Lockdowns and other limitations required to speak about the public health crisis, together with impulsive decreases in economic activity by many traders and manufacturers, established an unprecedented combination of adverse shocks that had caused deep recessions in many advanced economies and emerging market and developing economies.

Keywords : Post-Pandemic impact, Global economy, Socio-Economic factors, trends of Pandemic

Implication and Analysis of Post-Pandemic Shift in Global Economy: Socio-Economic Factors and Future Trends

Master of Business Administration (International Program), Siam University, Bangkok, Thailand

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