Name:QIGONG QIAO Student number:40303330 Title: The impact of the COVID-19 epidemic on the world economy
The impact of the COVID-19 epidemic on the world economy The impact of the epidemic on the macro economy is mainly reflected in two aspects: first, the spread of panic leads to the loss of investor confidence, which leads to the turmoil of the financial and capital markets; Second, the quarantine measures to control the epidemic press the "pause" button on the economy, thus putting pressure on both the consumer and production sides. We will analyze the impact of the epidemic from the perspectives of capital market and trade . The capital market On March 9th, as American stocks plunged at the start of trading, the S&P 500 index triggered the first circuit breaker, the second since the first in October 1997 during the Asian financial crisis. But this was just the beginning of a big bout of turmoil in financial markets. Three circuit breakers followed within two weeks of each other on March 12, 16 and 18, triggering turmoil in capital markets around the world. It is ...