Introduction

The crisis had a dramatic impact on global poverty and inequality. Global poverty increased for the first time in a generation, and disproportionate income losses among disadvantaged populations led to a dramatic rise in inequality within and across countries.

The outbreak of Covid-19 resulted in a lot of restrictions which resulted in so many impacts on the global economy. Almost all countries were impacted negatively by the rise in the cases of Covid-19.

Covid-19 Impacts Analysis

The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries. Preliminary evidence suggests that the recovery from the crisis will be as uneven as its initial economic impacts, with emerging economies and economically disadvantaged groups needing much more time to recover pandemic-induced losses of income and livelihoods.

The first wave of covid-19 impacted the global economy as the world was never ready for the pandemic. It resulted in a rise in cases, a rise in deaths, a rise in unemployment, and a rise in poverty, resulting in an economic slowdown. Here, you are required to analyze the spread of Covid-19 cases and all the impacts of covid-19 on the economy.

In contrast to many earlier crises, the onset of the pandemic was met with a large, decisive economic policy response that was generally successful in mitigating its worst human costs in the short run. However, the emergency response also created new risks—such as dramatically increased levels of private and public debt in the world economy—that may threaten an equitable recovery from the crisis if they are not addressed decisively.

Conclusion

We studied the spread of covid-19 among the countries and its impact on the global economy.

We saw that the outbreak of covid-19 resulted in the highest number of covid-19 cases and deaths in the united states. One major reason behind this is the stringency index of the United States. It is comparatively low according to the population. We also analyzed how the GDP per capita of every country was affected during the outbreak of covid-19.