A lot of nations are concerned about the detrimental effects which resulted from the coronavirus which affects the
economy
badly .
This
essay
will discuss two main reasons that lead to stagnation including the shortage of
employees
in the labour market and the closure policy which is the main reason for inflation .
This
essay
will suggest several solutions for
such
problems , involving encouraging companies to hire home workers and get the best use of technology to enhance
this
process as well as establish a global reservation market to help us to transport goods in crisis periods .
Obviously , there are a couple of causes that may hinder our
economy
during a crisis of coronavirus infection. Many corporates have fired many
employees
because they don`t have sufficient money to pay their salaries ,
Therefore
, they suffered from a labour force which led to a decrease in productivity . ample
countries
closed their borders , banning importing or exporting ; so they relied on self-deficiency in order to restrict the virus from spilling over.
For instance
, many European
countries
and china followed the closure policy and didn`t export any freight which led to global inflation especially, to these non-productive
countries
.
Thus
,
such
complications would affect the global
economy
negatively .
Definitely , there we can implement some measures that could get the
economy
to recover, but of course, it would need some time to show any results . We could depend more on online communications rather than personal meetings to get our work done .
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the dint of technology it`s way much easier nowadays to accomplish our tasks and work through the internet and even we can make decisions neatly ,
moreover
, we can create a global market just to act as a reservoir in case all the
countries
closed their borders so we can help poorer states to combat the economical recession.
For example
, after the closure , many companies kept in touch with their
employees
via connection apps and they were able to run their businesses. So the global should consider these measures just to get out of
this
issue .
To conclude , a vast number of
countries
are afraid of the destruction to the
economy
caused by
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coronavirus .
This
essay
discussed two main reasons for economical destruction including , the need for
employees
,
in addition
to the border closing problems .
This
essay
suggested two solutions to solve these problems involving , availing commodities to less wealthy
countries
through the united nations and using technology and different platforms just to employ workers distantly .